Henry George's contribution to modern environmental policy: Part II, The theory applied

Journal Article · Wed Jan 01 00:00:00 EST 1992 · American Journal of Economics and Sociology; (United States)

DOI:https://doi.org/10.1111/j.1536-7150.1992.tb02519.x· OSTI ID:6960601

Backhaus, J ^[1]; Krabbe, J J ^[2]

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1. Univ. of Limburg, Maastricht (Netherlands)
2. Wageningen Agricultural Univ. (Netherlands)

Many natual resources are inefficiently used in advanced western economies. Overuse of common property resources such as air occurs. The assignment of property rights through grandfathering established uses can have disincentive effects as an entry barrier to new industry and allow the continuation of pernicious uses. A Henry George type alternative remedial system of legal and tax treatment is developed. It systematically covers all natural resources and their deteriorations, as well as improvements. This updating will be extremely useful to everyone concerned with ecology. Also the task of industrial siting can be accomplished so as to ensure an efficient use of natural resources. Present problems of dealing with pollution and hazardous waste sites under tort law would be avoided. This part of the two-part paper covers the application of the theory. The last issue of this journal presented the basic theoretical considerations.

• OSTI ID: 6960601
• Journal Information: American Journal of Economics and Sociology; (United States), Vol. 51:1; ISSN 0002-9246
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
ENVIRONMENTAL POLICY
DECISION MAKING
RESOURCES
PROPERTY RIGHTS
ENVIRONMENTAL IMPACTS
HAZARDOUS MATERIALS
LAWS
LEGAL ASPECTS
POLLUTION
TAXES
WASTE MANAGEMENT
GOVERNMENT POLICIES
MANAGEMENT
MATERIALS
290300* - Energy Planning & Policy- Environment
Health
& Safety