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Dwight Davison, Jay Mukherjee, David Simpson, Walter E. Block
Preserving Species
Summary:
With the 40th anniversary of the passage of the Endangered Species Act it becomes necessary to review the history of this act and its impact on achieving its goals of preventing the extinction of endangered species. Many environmentalists have argued that the only way to prevent the extinction of animals, most notable Elephant populations in Africa, is through government management and ownership. However, we argue in this paper that the best solution to preserving endangered species is creating a more free market- oriented system of private property rights over animals and land use.
Our argument is two-fold, first - that without a true market with effective property rights we encounter a tragedy of the commons where there is no effective incentive among individual actors to protect endangered animals. Second is the unintended consequences of regulation by government actors that distort the incentives of individuals to protect endangered animals. By instituting a more market oriented way of governing all animals would significantly benefit by reducing the tragedy of the commons problem and the unintended consequences of government management. Using examples from the American buffalo, African elephants, fish farms, and farm animals we try to build the case for more free market-oriented policies in achieving the goal of species preservation.
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Sosthene Codjia, Walter E. Block
Economic Development Policies in West Africa: Making the Case for Free Enterprise
Summary:
Economic development in Africa and everywhere else for that matter, is furthered by capital accumulation. And this is fostered by economic freedom and private property rights which encourages the saving and investment which are the sine qua non of economic growth. The present paper attempts to make this case with regard to the African continent.
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Karim Naama
Private Property in Terms of the Thinker Ibn Khaldun (1331-1406)
Summary:
Form of ownership became a real important aspect of modern economic system, one of the most influential forces determining the further course of development of our planet. It affects all areas of public life, including economic, political, social, culture, ecology and others.
In the face of private ownership, some experts see a serious threat to the economic system and other means for the future progress of the global economy. The positive impact of private ownership is associated with the effect of competition to which it inevitably leads and negative effects - in potential conflict.
