Liberty, Markets, and the Environment


This conference explored how the principles of liberty, responsibility, and free markets can be used to protect the environment.


From Liberty Fund

The Theory of Moral Sentiments

by By Adam Smith
Edited by D. D. Raphael and A. L. Macfie

The Theory of Moral Sentiments, Smith’s first and in his own mind most important work, outlines his view of proper conduct and the institutions and sentiments that make men virtuous. Here he develops his doctrine of the impartial spectator, whose hypothetical disinterested judgment we must use to distinguish right from…

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Additional Readings

Adler, Jonathan. "Rent Seeking Behind the Green Curtain." Regulation (Fall 1996): 26-34. (accessed March 11, 2010).

Anderson, Terry and Donald Leal. Enviro-Capitalists: Doing Good While Doing Well. Lanham: Rowman & Littlefield, 1997.

Anderson, Terry and McCormick, Bobby, “The Contractual Nature of the Environment” In The Elgar Companion to the Economics of Property Rights, edited by Colombatto, Enrico, 293-309. Cheltenham, UK: Edward Elgar, 2004.

Demsetz, Harold. “Toward a Theory of Property Rights.” American Economic Review 57, no. 2 (1967): 347-359. (accessed 7/9/09).

Diamond, Jared. Collapse: How Societies Choose to Fail or Succeed. New York: Penguin Books, 2005.

Hayek, F. A. “The Use of Knowledge in Society.” The American Economic Review 35, no. 4 (September 1945): 519-530.

Leopold, Aldo. The River of the Mother God and Other Essays. Kenosha: University of Wisconsin Press, 1992.

Okonski, Kendra. “Montana on the Verge of Collapse?.” PERC. (July 2012).

Ridley, Matt. The Origins of Virtue: Human Instincts and the Evolution of Cooperation. New York: Penguin, 1998.

Seth W. Norton. "Population Growth, Economic Freedom and the Rule of Law." PERC Policy Series (February 2002): 1-25. (accessed November 24, 2009).

Smith, Adam. An Inquiry into the Nature and Causes of the Wealth of Nations. Indianapolis: Liberty Fund, 1981.

Sowell, Thomas. Conflict of Visions: Ideological Origins of Political Struggle. New York: Perseus Books, 2002.

Yandle, Bruce. Who Owns the Environment?. Edited by Peter J. Hill and Roger E. Meiners. Lanham: Rowman & Littlefield, 1998.

Yandle, Bruce, “Public Choice and the Environment: From the Frying Pan to the Fire” In Political Environmentalism: Going Behind the Green Curtain, edited by Terry L. Anderson, 31-59. Stanford, California: Hoover Institution Press, 2000.