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The contributions to this volume demonstrate how the principles of fiscal responsibility and individual accountability that have been applied to economic and social policies - essentially free market principles - can be applied successfully to environmental policy. The authors offer ten commonsense reforms as a starting point, all based on the compelling arguments that a new system of positive incentives can get us more environmental quality at lower cost. These reforms include land lease programs for nontraditional commodity production, long-term transferable land permits, landowner compensation for regulated endangered species property, and performance-based (as opposed to technology-based) water and air pollution laws.