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ing another set of policy tools to use in preserving and restoring this country's biological heritage. Preserving the flora and fauna that characterize the American landscape, and the evolutionary processes that created them, will require an attitudinal shift in the way we value and use land. As we discovered with clean air and water, and timber and oil, land is not an inexhaustible resource. It provides invaluable functions for many aspects of human society, and for the natural world that weaves through and supports our society. As it becomes more scarce, its use will have to be better allocated so that it is truly put "to the highest and best use," in the broadest sense of that phrase. Powerful legislation, such as the ESA, is one way to guide and control the use of land. Government acquisition is a very effective, albeit expensive, method for ensuring that land is put to desired conser- vation uses. A third method is to use economic forces and prices to guide human behavior in determining the proper uses for land. None of these methods has proven singularly capable of attaining the right mix of economic development and biological preservation. A national policy that integrates these methods seems an inherently rational and much needed approach to ensuring sustainable economic and biological health. REFERENCES CITED Anderson, Terry and Donald Leal. 1991. Free Market Environmentalism. Pacific Research Institute for Public Policy, Westview Press. Barton, Kathy. July 1993. The Land Trust Alliance, Personal Communication. Baumol ,William and William Oates. 1988. The Theory of Environmental Policy. Cambridge University Press. Coase, Ronald. 1977. "The Problem of Social Cost," in Economics of the Environment: Selected Readings, Dorfman and Dorfman (Eds.), W.W. Norton 8r, Company. Dales, J. 1968. Pollution, Property and Prices, University of Toronto Press. Dennis, Michael. 1985. "Federal Tax Code Opportunities to Maintain Wetlands," Transactions of the North American Wildlife and Natural Resources Conference, No. 50, p. 449. Edison Electric Institute. 1993. "Advance Release of Data," 1992 Statistical Yearbook of the Electric Utility Industry. Flather, Curtis. In Press. Species Endangerment Patterns in the United States, General Technical Report RM-000, Rocky Mountain Forest and Range Experiment Station, U.S. Forest Service, U.S. Department of Agriculture. Friedman, Lee. 1984. Microeconomic Policy Analysis, McGraw-Hill. Losos, Elizabeth. In Press. Species Endangerment and Federal Resource Subsidies: Taxpayers Double Burden, The Wilderness Society. 16