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The Treasure State: From Oro y Plata to Character and Creativity


Posted on August 27, 2016

The Montana Territory adopted its State Seal in 1865.  When joining the Union in 1889 it kept the original content and design.  The motto, Oro y Plata, gold and silver, indicated early sources of Montana’s wealth and political power.  In 1891 there was a move to create an entirely new seal but these efforts failed.  Mining retained its power. 

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Explorations in Greater Yellowstone


Posted on August 18, 2016

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Debunking Utopia


Posted on August 03, 2016

I recently received an announcement of a forthcoming book, Debunking Utopia.  Its author, Nima Sanandaji, Ph. D., is Kurdish-Swedish and has written Scandinavian Unexceptionalism and The Nordic Gender Equality Paradox. He is the president of the European Centre for Entrepreneurship and Policy Reform (www.ecepr.org).  He began with this:

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Insights from the Euro Soccer Championship, Part I


Posted on July 14, 2016
Part I 
 
Ramona and I arrived in Portugal the day after Great Britain voted to leave the EU. While we can’t know the economic implications of Brexit, this rejection of Brussels surely demonstrates dissatisfaction with bureaucratic impositions on daily life.  Especially during peaceful times, people resent command-and-control government. 
 
Generally, most people try to ignore government and focus instead on social life and sports, soccer for example.

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Portugal Declines While Visitors Enjoy


Posted on July 07, 2016

Ramona and I are traveling through Portugal observing the culture and economy of Lisbon and Porto.  We are in route to give lectures at the University of Aix en Provence in France arriving in Lisbon the day after the Brexit vote to leave the EU.  People here were far more interested in the European soccer games. 

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Part Two: Dissemination of the New Resource Economics


Posted on June 30, 2016

John and Ramona are in Europe presenting a series of talks on the creation and dissemination of the New Resource Economics, the NRE. They and other professors at MSU developed the NRE approach to environmental policy in the 1970s and as their invitation to speak in Europe indicates, it flourishes today.  

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The New Resource Economics Part One: Creation at Montana State University


Posted on June 23, 2016

John and Ramona are leaving for Europe to present a series of talks on the creation and dissemination of the New Resource Economics, the NRE. They and other professors at MSU developed the NRE approach to environmental policy in the 1970s and as their invitation to speak in Europe indicates, it flourishes today. The NRE emphasizes the importance of entrepreneurship in protecting, promoting, and restoring ecological sustainability.

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Successful Welfare Reform: A Guaranteed Income for All?


Posted on June 09, 2016

Here is a true, empirical, universal generalization: Citizens in large and complex societies become dissatisfied when their government seizes and transfers wealth to prospective voters.   Such allocations are partially, sometimes entirely, based on political calculations.  Whatever the claims and justifications, over time benefits tend to flow toward the wealthy and politically powerful.   And also to the destitute and disadvantaged, people whose votes can be harvested with promises of entitlement and welfare payments.

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Montana Magnets: Trust and Community


Posted on May 26, 2016

 

My economist friends often stress the efficiency losses when government favors powerful interests. Alas, these friends discount the accompanying decay of trust. Such erosion naturally follows when democratic governments allocate wealth and opportunities.

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Earth Day 2020: Ecology, Liberty and Prosperity, Part 1


Posted on April 28, 2016

Today many sincere conservationists and environmentalists recognize that responsible liberty and modest prosperity foster sustainable ecology. They understand that poverty is a terrible polluter and that liberty is a requisite for environmental entrepreneurship. Further, good intentions are most effective when incentives promote responsible behavior.

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