WILDLIFE REFUGE Arctic National Wildlife Refuge: a Casualty of Leasing Law or Candidate For Privatization?
Should the Arctic National Wildlife Refuge (ANWR) be used to drill for oil, or should this type of economic development be forbidden, in favor of protecting environmental amenities? In economics, this is a classical question of the allocation of resources, and we propose to answer it in a similar ma...
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ftciteseerx:oai:CiteSeerX.psu:10.1.1.643.6183 2023-05-15T14:22:42+02:00 WILDLIFE REFUGE Arctic National Wildlife Refuge: a Casualty of Leasing Law or Candidate For Privatization? Emily Schaeffer Walter Block The Pennsylvania State University CiteSeerX Archives application/pdf http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.643.6183 http://www.walterblock.com/wp-content/uploads/2009/06/The-Economics-of-the-Arctic-National-Wildlife-Refuge-A-Casualty-of-Leasing-Law-or-Candidate-for-Privatization.pdf en eng http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.643.6183 http://www.walterblock.com/wp-content/uploads/2009/06/The-Economics-of-the-Arctic-National-Wildlife-Refuge-A-Casualty-of-Leasing-Law-or-Candidate-for-Privatization.pdf Metadata may be used without restrictions as long as the oai identifier remains attached to it. http://www.walterblock.com/wp-content/uploads/2009/06/The-Economics-of-the-Arctic-National-Wildlife-Refuge-A-Casualty-of-Leasing-Law-or-Candidate-for-Privatization.pdf text ftciteseerx 2016-01-08T16:04:29Z Should the Arctic National Wildlife Refuge (ANWR) be used to drill for oil, or should this type of economic development be forbidden, in favor of protecting environmental amenities? In economics, this is a classical question of the allocation of resources, and we propose to answer it in a similar manner in this case, even though such reasoning is not typical of debates in this field. We answer the ANWR challenge with arguments favoring solutions emerging from private property arrangements, and provide an illustrative example of markets at work. We take neither side, but urge that the free enterprise system be allowed to address the issue. It is our claim that this is a superior system, as entrepreneurs who make mistakes suffer economic penalties, and this feedback mechanism is either entirely missing in political and bureaucratic institutions, or at the very least greatly attenuated there. Text Arctic Arctic Unknown Arctic |
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description |
Should the Arctic National Wildlife Refuge (ANWR) be used to drill for oil, or should this type of economic development be forbidden, in favor of protecting environmental amenities? In economics, this is a classical question of the allocation of resources, and we propose to answer it in a similar manner in this case, even though such reasoning is not typical of debates in this field. We answer the ANWR challenge with arguments favoring solutions emerging from private property arrangements, and provide an illustrative example of markets at work. We take neither side, but urge that the free enterprise system be allowed to address the issue. It is our claim that this is a superior system, as entrepreneurs who make mistakes suffer economic penalties, and this feedback mechanism is either entirely missing in political and bureaucratic institutions, or at the very least greatly attenuated there. |
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The Pennsylvania State University CiteSeerX Archives |
format |
Text |
author |
Emily Schaeffer Walter Block |
spellingShingle |
Emily Schaeffer Walter Block WILDLIFE REFUGE Arctic National Wildlife Refuge: a Casualty of Leasing Law or Candidate For Privatization? |
author_facet |
Emily Schaeffer Walter Block |
author_sort |
Emily Schaeffer |
title |
WILDLIFE REFUGE Arctic National Wildlife Refuge: a Casualty of Leasing Law or Candidate For Privatization? |
title_short |
WILDLIFE REFUGE Arctic National Wildlife Refuge: a Casualty of Leasing Law or Candidate For Privatization? |
title_full |
WILDLIFE REFUGE Arctic National Wildlife Refuge: a Casualty of Leasing Law or Candidate For Privatization? |
title_fullStr |
WILDLIFE REFUGE Arctic National Wildlife Refuge: a Casualty of Leasing Law or Candidate For Privatization? |
title_full_unstemmed |
WILDLIFE REFUGE Arctic National Wildlife Refuge: a Casualty of Leasing Law or Candidate For Privatization? |
title_sort |
wildlife refuge arctic national wildlife refuge: a casualty of leasing law or candidate for privatization? |
url |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.643.6183 http://www.walterblock.com/wp-content/uploads/2009/06/The-Economics-of-the-Arctic-National-Wildlife-Refuge-A-Casualty-of-Leasing-Law-or-Candidate-for-Privatization.pdf |
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Arctic |
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Arctic |
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Arctic Arctic |
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Arctic Arctic |
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http://www.walterblock.com/wp-content/uploads/2009/06/The-Economics-of-the-Arctic-National-Wildlife-Refuge-A-Casualty-of-Leasing-Law-or-Candidate-for-Privatization.pdf |
op_relation |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.643.6183 http://www.walterblock.com/wp-content/uploads/2009/06/The-Economics-of-the-Arctic-National-Wildlife-Refuge-A-Casualty-of-Leasing-Law-or-Candidate-for-Privatization.pdf |
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