Institutionally then, better policy making requires defining and enforcing property rights and responsibilities, devolving collective decisions to the parties closest to the problems, relying on performance-based criteria and avoiding prescriptive rules. These institutional changes will nurture the more resilient, less contentious approach on which environmental progress and improved human well-being depend.

NOTE: Nothing written here should be construed as necessarily reflecting the views of the National Center for Policy Analysis or as an attempt to aid or hinder the passage of any bill before Congress.

Next Page...