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"Free market environmentalism is an optimistic paradigm for linking dynamic environments with dynamic economies using property rights and markets to provide incentives for good resource stewardship. This book provides a new paradigm for environmentalism, offering examples of how free market environmentalism is working and confronting the limits of markets."--Provided by publisher

"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

Front Cover -- Book Title -- Copyright -- Contents -- Tables and Figures -- Acknowledgments -- Contributors -- Introduction: Property Rights and Sustainable Development - Terry L. Anderson -- 1. The Skeptical Environmentalist - Bjørn Lomborg -- 2. Economic Growth, Technological Change, and Human Well-Being - Indur M. Goklany -- 3. Income and the Race to the Top - Bruce Yandle, Maya Vijayaraghavan, Madhusudan Bhattarai -- 4. Globalization, Free Trade, and Environmental Quality - B. Delworth Gardner -- 5. Population Growth, Economic Freedom, and the Rule of Law - Seth W. Norton -- Appendix to Chapter 5 -- 6. The Relation Between Net Carbon Emissions and Income - Robert E. McCormick -- Index.

Front Cover -- Advance Praise for Renewing Indigenous Economies -- Title Page -- Copyright -- Epigraph -- Contents -- Foreword by Stacy Leeds -- Acknowledgments -- Prologue -- 1. Traditions of Wealth Creation -- Precontact Standards of Living -- Traditional Indigenous Economies -- Institutions Matter -- Ownership: A Requirement for Wealth -- Specialization and Trade -- Trade Infrastructure -- Traditional Capital Markets -- Jurisdiction and Governance -- Fiscal Authority and Money -- Conclusion -- 2. Tribal Economies under Colonialism -- Colonizing Indian Country -- The Marshall Trilogy -- Federal Indian Law -- The Virtuous Circle of Investment -- Institutional Elements of Healthy Investment Climates -- 3. Property Rights and Governance -- Property Rights-Nothing New under the Sun -- People Make Property Valuable -- The Components of Property Rights -- Property Rights and Law in Indian Country -- Shrinking Indian Country through Allotment and Termination -- Property Rights and Investment Climates -- Addressing Property-Rights Issues -- Conclusion -- 4. Creating a Positive Investment Climate -- Investor Assessment of the Business Climate -- Governments Shape Investment Climates -- Constitutional and Judicial Definition of Tribes' Legal Status -- Tribal Sovereignty over Reservation Lands -- Trusteeship and Economic Development -- Gaps in the Legal Framework on Tribal Land -- Components of Investment-Supporting Legal Frameworks -- Sovereign Immunity Affects Economic Development -- Jurisdictional Issues Affecting Economic Development -- Jurisdictional Conflict Case Study: Gaming -- Economic Leakage -- Credit Deserts on Reservations -- Commercial Codes and Secured Transactions -- Building an Investment-Friendly Economy -- 5. From a Grants Economy to a Revenue Economy -- Tribal Fiscal Relationship to Federal and State Governments.

Hydrocarbons are here to stay / Mark P. Mills -- The political realities of climate policy / Kenneth W. Costello -- Merging trade and climate policy / Timothy Fitzgerald -- Subsistence in Alaska native villages : adapting in the face of climate change and government regulations / E. Barrett Ristroph -- Improving price discovery to accelerate adaptation to climate change / Gregory W. Characklis, Benjamin T. Foster, and Matthew E. Kahn -- Can fire insurance manage wildfire risks in California? / Ronald Bailey -- Epilogue : adaptation--simple, but effective / Bjorn Lomborg.