Ecosystem protection from the bottom-up
Why is ecosystem protection top-down when fisheries conservation successes have been bottom-up? The question, posed by University of California Santa Barbara economist Gary Libecap to attendees at a Law and Economics Association event last week, stuck with me. Professor Libecap is something of a god in economics. In a prior life, I would tell my undergraduate students about the Pantheon of the Econ Gods. Libecap’s work in environmental economics easily put him in the [...]