(May 14 2012) In this lecture, I argued that free enterprise not only will help the environment but is the best way to help the environment. Without prices established only by the market, individuals within the market lack the knowledge to decide how to best allocate resources among competing valuable uses. Without prices, you can’t have rational planning. Furthermore, state intervention via subsidies, tax incentives, public ownership, etc., distorts the price mechanism, which in turn can create negative consequences for the environment. Although this is a long lecture, this is an extremely important issue, so the following includes a list … Continue reading Free Enterprise and the Environment