Economics and the environment

woodpecker that will only nest in a single type of maple tree, so the government passed a

law that anyone with one of these trees with a nest in it could not build on the land in a

hundred foot radius of the tree and would be fined greatly for doing so. I found this

lecture interesting, and it also raised my interest in this subject matter. Since I had no

knowledge of economic principles, I expected the country that outlawed the hunting to

have the greater population, but in reality the country that gave personal ownership had

nearly double the population of elephants after ten years. wnership to the elephants and legalized

trade on the elephants and the products that could be made from them.

The towns raised the elephants similar to how we raise cows. This lead to the

mass destruction of the poor bird’s habitat, as most of the nation cut down these trees to

avoid these birds, which would lead to their extinction.

The speaker (Russel Sobil) was very talented and appeared to be extremely

competent on this subject matter, which I found out I knew nothing about. The next example that was

given was the incorrect (for the environment) usage of this concept. This was explained to us by the

concepts of benefits, if you can make money off something, you are more likely to do it.