Richard Stroup

Richard Stroup
  • Discipline: Professor of Economics
  • Organization: Montana State University

Stroup, who has written extensively on the reform of the Endangered Species Act, recommends eliminating the penalties and restrictions now imposed unfairly on landowners.Most recently, his primary research has focused on the multi-billion dollar Superfund program. He has examined costly efforts to clean up hazardous waste sites even when no proven harm or health risks exist.The nation's capacity to devote resources to any environmental program is finite. Stroup advocates a principled approach that would utilize market forces by protecting individual rights and putting governmental procurement of services back on budget.In the late 1970s, Stroup was one of the originators of the New Resource Economics, the academic approach that is popularly known as free market environmentalism.He is a widely published author and speaker on economics, including natural resources and environmental issues. He is the co-author with James D. Gwartney of a recent primer on economics, What Everyone Should Know About Economics and Prosperity. Stroup also is recognized for introducing the public choice school of economics in a leading economics principles textbook, which he co-authored with James D. Gwartney.Eco-nomics: Private and Public Choice is now in its seventh edition.A native of Washington state, Stroup received his Ph.D. in economics from the University of Washington in 1970. He is a professor of economics at Montana State University and a senior associate of PERC. During the Reagan administration, Stroup served as the director of the Office of Policy Analysis at the Department of Interior.He lives in Bozeman, Montana with his wife and son.