Published: August 15, 2018
Environmental problems result from the tragedy of the commons. In order to solve those problems, free market environmentalists look toward the one place where the tragedy of the commons doesn’t happen – in markets with clearly defined, enforced, and tradeable property rights. Property rights give people the incentive to protect their assets, and environmental problems often come down to the fact no one has an incentive to conserve the environment.
This video’s audio is excerpted from Terry Anderson’s 2017 Hoover Institution Summer Policy Boot Camp lecture.
The Hoover Institution’s Summer Policy Boot Camp an intensive, one-week residential immersion program in the essentials of today’s national and international United States policy for upperclassmen and recent graduates. To learn more, click here.
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