Eco-nomics: What Everyone Should Know About Economics and the Environment
According to Richard Stroup, the protection of the environment can be safely left to the operation of capital markets and “shareholder power.”
According to Richard Stroup, the protection of the environment can be safely left to the operation of capital markets and “shareholder power.”
US history from an environmental perspective.
This paper addresses problems related to transferring market concepts to non-market domains.
This essay explores three case studies that illustrate the exemplary use of economic analysis in environmental decision-making.
In his article, Edmundo Claro argues that in-kind compensation is more acceptable than monetary payments or no compensation because people tend to understand siting conflicts more as matters of justice rather than as matters of freedom or care.
This paper reports a Contingent Valuation application to estimate the non-market costs and benefits of hydro scheme developments in an Icelandic wilderness area.
The paper argues that ecological services are either too “lumpy” to price in incremental units (for example, climatic systems), priced competitively, or too cheap to meter. The paper considers counter-examples and objections.
Matthew MacLellan argues that Garrett Hardin’s primary object of critique in his influential “The Tragedy of the Commons” is not the commons or shared property at all—as is almost universally assumed by Hardin’s critics—but is rather Adam Smith’s theory of markets and its viability for protecting scarce resources.