Wednesday, November 16, 2011

Lessons from The Lorax

Steve Horwitz quotes a student paper on Facebook:

The situation depicted by Dr. Seuss [in The Lorax] in which the Onceler destroys the environment does not describe a market failure because the land in which it takes place does not adhere to the principles of a market economy because it lacks clear property rights.
It turns out that there is an excellent piece in The Journal of Private Enterprise on the Lessons from The Lorax.

2 comments:

  1. If folks are interested, I can share the assignment from which that paper/quote was taken.

    ReplyDelete
  2. We are definitely interested. Thanks!

    ReplyDelete