Economic Rights and Environmental Wrongs: Property Rights for the Common Good

Economic Rights and Environmental Wrongs: Property Rights for the Common Good

Economic Rights and Environmental Wrongs: Property Rights for the Common Good

Economic Rights and Environmental Wrongs: Property Rights for the Common Good

Synopsis

Contents: Preface 1. Environmental Wrongs 2. Externalities and the Environment 3. Property Rights for Pollution 4. Property Rights for Natural Resources 5. Controlling Environmental Degradation without Property Rights 6. Property Rights for the Common Good References Index

Excerpt

When we read newspapers or magazines, listen to the radio or watch the television we are likely to learn about at least one environmental challenge or crisis every week. If it is not a global problem like the depletion of the ozone layer, it is a regional concern over acid rain or even a local question of how to find a suitable site for a nearby town's landfill. the fact that you're now reading Economic Rights and Environmental Wrongs means that you are certainly aware of many of these challenges. You are concerned about the problems of pollution, and the fact that many natural resources, such as fish, forests and fanning land, are not being used as they should be. Our book provides a way to understand how these problems arise.

Economic Rights and Environmental Wrongs describes a simple but powerful framework for understanding the causes of environmental challenges whether they be global warming, smog, species loss, deforestation, the collapse of fish stocks or the disposal of nuclear wastes. in many cases, the over exploitation of natural resources and the degradation of the environment arise because the characteristics of ownership are such that people, firms and communities do not bear the full cost of their actions. This is true when someone drops litter in a city park or when a firm discharges its wastes into a river without considering the consequences. Forcing individuals and companies to consider the costs of pollution and misuse of natural resources is an important step to remedying environmental problems. We show how creating and enforcing property rights can provide the incentives for people to change their behaviour, leading to an improved and well-managed environment.

Our book will be of interest to casual readers as well as to students of various disciplines like environmental economics, environmental studies, environmental . . .

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.