THIS is my last lecture as a professor at UW. I end my career with the course I began 25 years ago at Indiana University, The Political Economy of Environmental Policy. Throughout my career, I have advocated environmental policies based on incentives, not commands I helped create an environmental paradigm that views economies as ecosystems. […]
Read More
AMERICA experienced a major energy crisis in 1978. Ill-conceived federal price controls and OPEC’s last successful petroleum embargo combined to create an emergency. The results were disastrous, the predictable consequence of policies that disrupt the market process and favor special interests In response to this “crisis,” Congress passed the Public Utility Regulatory Policies Act, commonly […]
Read More
THE simple homily “Save the whales!” began as a plea to stop the harvesting of great blue and other large whales. It was inspired by our first Earth Day 25 years ago. Shortly thereafter, it became a rallying cry for the green revolution For more than 20 years, the idea was widely supported without question. […]
Read More