July 27, 2006
An Economic Approach to Conservation

A piece of economic fiction that I wrote some time ago for abetterearth.org essay contest (2nd place) has just been published in a slightly revised form in Laissez-Faire. The essay is called "An Economic Approach to Conservation: The Rhino Conservation Act of 2005." The The essay was inspired by 1) a wonderful presentation by David Schmidtz at the 2004 IHS Social Change Workshop on his research into elephant conservation; and 2) reading Jonathan Wight's delightful book Saving Adam Smith.

Posted by Joshua Hall at 11:03 AM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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