Seminar Series

Environmental Markets: Lessons from and for Fisheries Management

Speaker

Terry Anderson

Institute

Stanford University

Time & Place

Tue, 17 Nov 2015 18:00:00 NZDT in LAW 108 Lecture Theatre, Business and Law Building, University of Canterbury

All are welcome

Abstract

Increased demand for environmental amenities and competition for scarce natural resources require rethinking how we manage our natural environment. The dominant management institutions have focused on top-down command-and-control regulations. Though some of these regulations have been successful in picking low hanging environmentalfruit – especially in reducing air and water emissions – they have not harnessed private initiative by using property rights and markets. This approach under the banner of “free market environmentalism” shows remarkable promise for dealing with a variety of environmental problems. Fisheries management in New Zealand illustrates the potential for this approach if the necessary market institutions can be buttressed and improved. In short, environmental markets offer a promising alternative for the next generation of environmentalism.

In this lecture, Dr Anderson discussed Free Market Environmentalism and the approach of using property rights and markets to address environmental problems, focusing on lessons from and for fisheries management in New Zealand.

  • See youtube video here

Biography

Terry Anderson is the William A. Dunn Distinguished Senior Fellow and former President and Executive Director of PERC as well as the John and Jean De Nault Senior Fellow at the Hoover Institution, Stanford University. He believes that market approaches can be both economically sound and environmentally sensitive. His research helped launch the idea of free market environmentalism and has prompted public debate over the proper role of government in managing natural resources. He is the co-chair of Hoover's Property Rights, Freedom, and Prosperity Task Force.

Anderson is the author or editor of thirty-seven books. Among these, Free Market Environmentalism, co-authored with Donald Leal, received the 1992 Sir Antony Fisher International Memorial Award. A revised edition was published in 2001.

Terry and Donald Leal’s forthcoming book, Free Market Environmentalism for the Next Generation, will be published in 2015. His most recent publications are Environmental Markets a Property Rights Approach (Cambridge University Press, 2014) and Tapping Water Markets (RFF Press, 2012). Other books include Greener Than Thou: Are You Really an Environmentalist? (Hoover Institution Press, 2008) and Property Rights: A Practical Guide to Freedom and Prosperity (Hoover Institution Press, 2003), both co-authored with Laura Huggins. His book, with Peter J. Hill, The Not So Wild, Wild West: Property Rights on the Frontier (Stanford University Press), was awarded the 2005 Sir Antony Fisher International Memorial Award.

Anderson’s research, which has also focused on Native American economies, recently resulted in a co-edited volume, Self-Determination: The Other Path for Native Americans (Stanford University Press, 2006). He has published widely in the popular press and professional journals, including the Wall Street Journal, the Christian Science Monitor, Fly Fisherman, Journal of Law and Economics, and Economic Inquiry. During his career at Montana State University, Anderson received several outstanding teaching awards and is now professor emeritus of economics. He received his B.S. from the University of Montana and earned a Ph.D. in economics from the University of Washington. In March 2011, Anderson received the Liberalni Institute Annual Award in Prague, Czech Republic, for his "Contribution to the Proliferation of Liberal Thinking, and Making Ideas of Liberty, Private Property, Competition, and the Rule of Law Come True.” Previous recipients include Nobel laureates Milton Friedman, Gary Becker, and Vernon Smith.

Anderson is an avid outdoorsman accomplished at big game hunting, bird shooting, fishing, skiing, and hiking.