Wednesday, November 12, 2008

Free Market Fishing

Well, sort of. It seems that the west coast fisheries are going to take a shot at using "individual fishing quotas." Here is Ron Bailey on the upside to the practice. While, as proposed, the grant of an IFQ is not exactly synonmous with a recognizing a property right, it is certainly a step in the right direction and should go along way to solving the trajedy of the commons.