Fisheries management, oil, and grease and growth

Fisheries Management in Iceland: The Case for Fees 
This is a brief statement of my view of fisheries management, a burning issue in public debate in Iceland over the past 30 years at least. My views of natural-resource management are described in greater detail in some of my publications. For example, see Nordic integration and European integration (listed among my recent papers). For a more detailed account, see my paper with Martin Weitzman, Icelandic Fisheries Management: Fees vs. Quotas. See also Gary Becker's "How to scuttle overfishing? Tax the catch" in his collection of essays, The Economics of Life (1996), and Paul Krugman's articles "Earth in the balance sheet: economists go for the green" and "Taxes and traffic jams", where he describes how traffic congestion and other forms of pollution like overfishing! can be regulated both efficiently and fairly by fees, in his most recent collection of essays, The Accidental Theorist (1998). One of the key provisions in the constitutional bill awaiting adoption by Iceland's parliament in 2013 is a provision stipulating public ownership of Iceland's natural resources. The bill was accepted as the basis for a new constitution by 67% of the electorate in a national referendum in 2012. The provision stipulating public ownership of Iceland's natural resources was approved by 83% of the voters.

The Price of Petrol: Getting  It Right
This article was written in Lagos, Nigeria, when I was there in March 1999 on a two-week training mission for the IMF, and I submitted it then for publication in The Guardian, Nigeria's largest newspaper, which reaches every nook and cranny of the country, but I have not yet heard from the editors. Lagos, as you know, is one of the most congested cities in the world; hence this piece. Some time after the article was written, the most acute shortages at petrol stations around Nigeria were eliminated by attacking corruption in the distribution system
without, however, raising the price or reducing congestion, as advocated in my article. And then, at last, at the beginning of June 2000, the price of petrol at the pump was increased by 50 per cent, or from 20 naira (19 cents) per liter to 30 naira (29 cents), but a few days later the government caved in and lowered the price again to 22 naira per liter. Hence, the problem remains unsolved. The piece appeared in AfricaGrowth Agenda in 2007. 

Natural Resources: A Mixed Blessing? 

The Trouble with Oil    
This article first appeared in Spanish in El Panamá América of Panama City, 7 November 2001, and subsequently also in various other daily newspapers in South and Central America as well as in Spain; see Libertad Digital in Madrid or El Comercio in Lima, Peru, or Venezuela Analítica in Caracas. It also appeared in Dagens Næringsliv in Oslo, Norway on 18 June 2002. 

Recursos naturales: ¿ventaja o desventaja?
This article appeared in El Mercurio, Chile's leading daily newspaper, 10 October 2001, and also in various other daily newspapers in South and Central America as well as in Spain. 

To Grow or Not to Grow    
This article was solicited by Brown Economic Review, a student magazine at Brown University. 

Caving In to Keep the Peace  
This piece discusses the striking similarities between the U. S. presidential elections of 2000 and 1876.


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Murder by mistake:
Otello addresses his dying wife.

The Wanderer
by Georg Grosz