Suchergebnisse

Evaluates the US noninterventionist response to hostage-taking, the change in nature and motive of kidnappings from politics to profit, and the US government's response to hostage families.

Unlocking the Wealth of Indian Nations uses the tools of economics, political science, and law to explain how top-down institutions have shackled reservation economies and why bottom-up institutions are necessary to unlock the human, physical, and natural capital of Native Americans.

"We show that grandfathering fishing rights to local users or recognizing first possessions is more dynamically efficient than auctions of such rights. It is often argued that auctions allocate rights to the highest-valued users and thereby maximize resource rents. We counter that rents are not fixed in situ, but rather depend additionally upon the innovation, investment, and collective actions of fishers, who discover and enhance stocks and convert them into valuable goods and services. Our analysis shows how grandfathering increases rents by raising expected rates of return for investment, lowering the cost of capital, and providing incentives for collective action"--National Bureau of Economic Research web site

"You Have to Admit It's Getting Better shows how, by focusing our energies on developing and protecting the institutions of freedom, rather than on regulating human use of natural resources through political processes, we can in fact have our environmental cake and eat it, too. The book offers a number of revelations that debunk many commonly held beliefs about the future of our environment. It shows, for example, how liberalization of international trade is more likely to improve environmental quality than reduce it. It also explains how the prosperity and improved human well-being that we enjoy today are not leaving future generations worse off but rather leaving them with more capital and larger stocks of natural resources