
The Ethos of Economics with John Cogan and Kevin Warsh | Peter Robinson | Hoover Institution
Uncommon Knowledge
Institutions Matter in the Management of Natural Resources
Institutions play a key role in managing natural resources effectively, ensuring that their abundance does not lead to squandering. A distinction between public and private institutions is essential, with companies being urged to maintain their independence and focus on customer needs. However, recent trends suggest private institutions are taking on quasi-governmental roles, partially due to government encroachment. Maintaining clear boundaries between public and private institutions is crucial to prevent overstepping and maintain efficient resource management.
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