The Natural Wealth of Nations

The book presents innovative solutions for environmental issues through government fiscal policy and subsidies. David Roodman argues that by reforming how governments allocate over $700 billion in harmful subsidies, they can enhance economic growth while protecting the environment. He advocates for a tax shift that penalizes pollution and incentivizes labor and investment. Additionally, the concept of tradable pollution credits is explored. Roodman provides global examples of successful implementations, showcasing practical applications of these market-based strategies.