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How Economists Tricked Us Into Thinking Capitalism Works

By: 
Robert R. Raymond

In fact, the political economist Eleanor Ostrom actually won the Nobel Prize in Economics in 2009 for disproving the long-held belief known as the “tragedy of the commons,” a theory which held that resources held in common by communities would naturally be overused and depleted. Ostrom’s work demonstrated that this assumption is false, and that it is in fact very possible for resources to be managed collectively without privatization.

Wilderness areas more often a boon, not drag

By: 
Thomas M. Power and George Wuerthner

Wildland preservation is motivated by a variety of ethical, biological, cultural, and recreational concerns. Rarely are efforts to protect wildlands motivated by an interest in promoting economic growth.

Those working on wildland preservation have been forced to take up the issue of local economic impacts because those supporting commercial development of those wild natural landscapes emphatically assert that wildland preservation damages the local and national economies by restricting access to valuable natural resources and constraining commercial economic activity that otherwise would take place.

Yet numerous economic studies suggest that protecting landscapes for their wildlands values at the very least has little negative impact on local/regional economies and in most instances is a positive net economic benefit.

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