Source: EconLog
by Maurizio Bovi
“In recent years, the Arctic has returned to the center of public attention: the renewed interest in Greenland, the progressive opening of maritime routes due to ice melt, and the claims over areas like the Svalbard archipelago are clear signals that Arctic policy will remain in the public eye. … These profound developments in the Arctic, evident in the renewed scramble for resources and strategic positioning, are naturally subject to a plurality of interpretations. Analysts might foreground military superpower competition, climate security, international legal disputes, or economic opportunity. I propose applying a theoretical lens often overlooked in public debate: Harold Demsetz’s theory of property rights.” (02/12/26)