Before government officials try to promote economic efficiency by selling off federally owned marine land, they should first get clarity on the precise meanings of efficiency and privatization. They should also reconsider the assumptions that guided the 1953 federal law nationalizing approximately 1.7 billion acres off the Pacific Coast, Alaskan coast, Gulf of Mexico, and the Atlantic Coast.
|Other Independent Review articles by John Brätland
|Capital Concepts as Insights into the Maintenance and Neglect of Infrastructure
|Resource Exhaustibility: A Myth Refuted by Entrepreneurial Capital Maintenance
|Externalities, Conflict, and Offshore Lands: Resolution Through the Institutions of Private Property