Posted on Freedom Advocates on March 3rd 2004
Summary: Michael Park reviews an enlightening audio lecture by economist George Reisman.
Reisman follows (or leads, perhaps) the line of reasoning put forward by Wilfred Beckerman in his book on Sustainable Development, A Poverty of Reason. In this lecture, he outlines certain notions that help us to understand better how resource economics works. For example, he defines a natural resource in two different ways, both as something that finds its source in nature and further as something found in nature that is valuable to man as a good that can be used efficiently to improve the human condition.
Reisman discusses these opposing views of intrinsic and extrinsic valuations of nature and explains how environmentalism has adopted a collectivist view of the world which leads to state control over natural resources. Then, during his lecture and the following question/answer period, he argues that private citizens are the best stewards of natural resources.
Resource Economics and Environmentalism (2001) by George Reisman (Pepperdine University).
[Download MP3 (1:06:52)]
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