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.


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

  2. We are definitely interested. Thanks!