"Environmental problems are analyzed as market failures mostly owing to nonexistent or clouded property rights. The analysis usually begins by understanding the Coase Theorem and the Tragedy of the Commons. In this pursuit, the work of Nobel Laureates such as Ronald Coase, James Buchanan, and Elinor Ostrom is referenced, among many other economists and observers. The solutions the Anderson team presents are win-win results where the resource rivalry is channeled into cost-and-externality-minimizing activities or internalized so that those who make the decisions receive the benefits and bear the costs. Economic results are presented in contrast to political solutions, where the result tends to be winner-takes-all. Concern for property rights, prices, and markets threads its way through the book. Here is where the book takes a turn. It views both political and some economic environmentalists as static viewers of the world. In this sense, others see the environment as tending toward an almost neoclassical equilibrium where, if it were not for human interference, it would return to nirvana. The authors see the world as always being dynamic and always being shocked by exogenous forces. They want to develop ecological entrepreneurship as a driving force to lower costs of defending, enforcing, and trading property rights so that resources can be used more efficiently. Fundamentally, they see both markets and ecosystems as bottoms-up systems that cannot be managed from the top. [...] Much of the book is devoted to stories, cases, and experiences of improving the environment in this way. And of course, they compare this approach to its arch enemies—doing nothing or using politics as usual. [...] Business economists will find Free Market Environmentalism to be both an exciting and illuminating adventure.