The Success of Markets Is Easily Taken for Granted
JUNE 01, 2002 by DWIGHT R. LEE
Public Officials Are Self-Interested, Too
MAY 01, 2002 by DWIGHT R. LEE
We Need Government Action Less Often Than We Think
MARCH 01, 2002 by DWIGHT R. LEE
Free Markets Reward Cooperation
FEBRUARY 01, 2002 by DWIGHT R. LEE
How about a Market for Pollution Rights?
OCTOBER 01, 2001 by DWIGHT R. LEE
The Environmental Protection Agency's attempt to reduce pollution with command and control suffers from the same problem as attempting to direct the economy with socialism—central authorities dictate outcomes without knowing what the outcomes should be or how they are best achieved.
How Industry Is Protected against Competition at the Expense of the Environment
SEPTEMBER 01, 2001 by DWIGHT R. LEE
Most government attempts to protect the environment involve imposing detailed regulations on how, and how much, pollution must be reduced. This command-and-control approach does reduce pollution, but as I explained last month, it does so at high cost.
The EPA Misses Opportunities for Low-Cost Pollution Control
AUGUST 01, 2001 by DWIGHT R. LEE
We may not all agree on how much pollution to reduce, but we certainly should agree to reduce it as cheaply as possible. Since cleaning up at least cost is exactly the same as maximizing the cleanup for any given cost, cost minimization should appeal even to those who dislike thinking about the cost of protecting the environment.