Jane Shaw discusses the possibility for individuals to protect the environment through free markets. She briefly explains why the world is suffering of many environmental problems and details on the importance of understanding economics to diagnose and solve them. She also comments on the tragedy of the commons concept, created by Garrett Hardin in 1968 – a tragedy that according to its author can be solved through private property and managed commons. Shaw describes the sources for creating the concept of free market environmentalism that include Neoclassical and Austrian economics; she also shares the examples of free markets that are working for the environment such as the water trade to keep fish alive and the protection of African elephants – a species that has suffered the illegal ivory trade.
Jane Shaw
Jane Shaw is a Senior Fellow of PERC, Property and Environment Research Center. She is a journalist who received a BA degree from Wellesley College and has written more than 130 articles about environmental and economic issues that have been published in The Wall Street Journal, The Washington Times, USA Today, Public Choice and Cato Journal.
Business School, EN-601
Universidad Francisco Marroquín
Guatemala, November 2, 2006
A New Media - UFM production. Guatemala, November 2006 Camera 1: Jorge Samayoa; camera 2: Rodrigo Escalante; digital editing: Rodrigo Escalante; index: Christiaan Ketelaar; synopsis: Sebastian del Buey; synopsis reviser: Daphne Ortiz; publication: Pedro David España
This work is licensed under a Creative Commons 3.0 License Este trabajo ha sido registrado con una licencia Creative Commons 3.0
Slides
Content
Initial credits
Introduction
Objectives
Tragedy of the commons
Historical background
Incentives
Solutions to the tragedy of the commons
Managed commons
Government
Private property
Environmental problems
Absence of environmental markets
Sources of free market environmentalism
Neoclassical Economics
New Institutional Economics
Public Choice Economics
Austrian Economics
Examples of free market environmentalism
Trading water to keep fish alive
Saving fish through ITQ's
Cayman Turtle Farm
Aiding American birds
Protecting African elephants
Illegal ivory trade
Confiscated ivory
Uses of ivory
Economic incentives of illegal trade
Legal hunting and trade
Population increase
Community benefits
Property owners
Conclusions
Questions
What can you mention about the failure of the government in public decisions?
U.S. public parks
Is ecoturism considered as a free market solution to environmental problems?
How can Costa Rica administer properly its protected areas?
Why would the government be interested in environmental protection?
How can free market environmentalism defend sensitive issues like pollution?
How will business entrepreneurs preserve the environment?
Why do people distrust business entrepreneurs in environmental issues?
Can you analyze the legal issues of environmental protection?
Why do pharmaceutical companies don't reinvest in biodiversity conservation?
How can public environmental protection harm public good?
Can the government take away the ownership of property?
Does a company have social responsibility? How can you deal with a polluting factories?
Final words
Final credits
Todos los comentarios
Selección del Editor
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Universidad Francisco Marroquín
6 Calle final, zona 10
Edificio de la Escuela de Negocios
Oficina EN-103
Guatemala, Guatemala 01010
Teléfono (+502) 2338-7700 ext. 7849
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