Comments regarding the institutional underpinnings of environmental and developmental issues, the "tragedy of the commons", and free market environmentalist approaches to such issues, focussing on clarifying and enforcing property rights and minimizing the hand of government (which results in politi
In his thoughtful criticism of my essay on the future of fossil fuels and the poor prospects for renewable energy, Andrew Leonard characterizes my message as one that "we have nothing to worry about." This may be partly the fault of my presentation, because in the course of being provocative I did not make it sufficiently clear that I was engaged in analysis, not advocacy. I made the prediction that, even in the presence of global warming, the countries of the world are unlikely to allow the vast stores of fossil fuels in the earth's crust to lie there undisturbed, when technology is making many of them ever more accessible and cheaper than the renewable energy alternatives. For the record, I personally wish that greenhouse gas emissions would stop immediately, and I personally would prefer a world of harmonious international cooperation for all time. Neither of my personal preferences is going to be fulfilled and neither affects the accuracy of my analysis.