Market incentives probably would reduce any serious harm from global warming more effectively than mandatory reductions of greenhouse gases. But although creating global markets for permits to emit carbon dioxide would cut the cost of emissions reduction, those whose interests are attached to government control strenuously oppose such markets.
|Other Independent Review articles by J. R. Clark
|Academic Entrepreneurship in Sometimes Hostile Environments: James Buchanan and the Virginia School of Political Economy
|Shrinking Leviathan: Can the Interaction Between Interests and Ideology Slice Both Ways?
|Economic Freedom in the World, 2002
|Other Independent Review articles by Dwight R. Lee
|Fiscal Recklessness, Path Dependence, and Expressive Voting
|The Fifth Risk: Undoing Democracy
|The Diversity Delusion: How Race and Gender Pandering Corrupt the University and Undermine Our Culture
|[View All (12)]