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Who Owns the Sky?
Our Common Assets And The Future Of Capitalism
Peter Barnes
Island Press, 2001

Global warming has finally made clear the true costs of using our atmosphere as a giant sponge to soak up unwanted by-products of industrial activity. As nations, businesses, and citizens seek workable yet fair solutions for reducing carbon emissions, the question of who should pay -- and how -- looms large. Yet the surprising truth is that a system for protecting the atmosphere could be devised that would yield cash benefits to us all.

In Who Owns the Sky?, visionary entrepreneur Peter Barnes redefines the debate about the costs and benefits of addressing climate change. He proposes a market-based institution called a Sky Trust that would set limits on carbon emissions and pay dividends to all of us, who collectively own the atmosphere as a commons. The Trust would be funded by requiring polluters to pay for the right to emit carbon dioxide, and managed by a non-governmental agency. Dividends would be paid annually, in much the same way that residents of Alaska today receive cash benefits from oil companies that drill in their state.

Employing the same spirit of innovation that brought millions of dollars to the nonprofit sector through his company Working Assets, Barnes sets forth a practical new approach to protecting our shared inheritance -- not only the atmosphere, but water, forests, and other life-sustaining and economically valuable common resources. He shows how we can use markets and property rights to preserve and share the vast wealth around us, allowing us not only to profit from it, but to pass it on, undiminished, to future generations.

Who Owns the Sky? is a remarkable look at the future of our economy, one in which we can retain capitalism's virtues while mitigating its vices. Peter Barnes draws on his personal experience as a successful entrepreneur to offer viable solutions to some of our most pressing environmental and social concerns.

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front cover of The Wolf at the Door
The Wolf at the Door
The Menace of Economic Insecurity and How to Fight It
Michael J. Graetz and Ian Shapiro
Harvard University Press, 2020

“Deep, informed, and reeks of common sense.”
—Norman Ornstein


“It is now beyond debate that rising inequality is not only leaving millions of Americans living on a sharp edge but also is threatening our democracy…For activists and scholars alike who are struggling to create a more equitable society, this is an essential read.”
—David Gergen


We are in an age of crisis. That much we can agree on. But a crisis of what, exactly? And how do we get out of it?

In a follow up to their influential and much debated Death by a Thousand Cuts, Michael Graetz and Ian Shapiro focus on what really worries people: not what the rich are making or the government is taking from them but their own insecurity. Americans are worried about losing their jobs, their status, and the safety of their communities. They fear the wolf at the door. The solution is not protectionism or class warfare but better jobs, higher wages, greater protection for families suffering from unemployment, better health insurance, and higher quality childcare. And it turns out those goals are more achievable than you might think. The Wolf at the Door is one of those rare books that doesn’t just diagnose our problems, it shows how to address them.

“This is a terrific book, original, erudite, and superbly well-informed, and full of new wisdom about what might and what might not help the majority of Americans who have not shared in our growing prosperity, but are left facing the wolf at the door…Everyone interested in public policy should read this book.”
—Angus Deaton, Princeton University

“Graetz and Shapiro wrestle with a fundamental question of our day: How do we address a system that makes too many Americans anxious that economic security is slipping out of reach? Their cogent call for sensible and achievable policies…should be read by progressives and conservatives alike.”
—Jacob J. Lew, former Secretary of the Treasury

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