Objectives of Government Policy in Leasing Mineral Lands

To serve his citizens best, the statesman should act much like a private landowner maximizing his net income from lands. He should resist the temptation to use his power to manipulate and control, foster and suppress, divert and channel, reward and punish on the too easy presumption that themarket has no rationale or normative value of its own.

In Andrew Thompson and Michael Crommelin (eds.), Mineral Leasing as an Instrument of Public Policy. Vancouver: Univ. of British Columbia Press, 1977. Pp. 3-26.

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