Environment and economy: Property rights and public policy
For much of its history, environmental economics has sought to modify public policy in order to achieve efficient use and management of environmental resources. The results of this attempt, however, have been dismaying for the most part, and environment public policy continues to differ from the course of action prescribed by economic analysis. Some economists have begun to acknowledge that the reasons for this gap between economic theory and public policy may lie in environmental economics itself rather than in poor policy choices. That is the message sent in this book by Daniel Bromley, who joins S.V. Ciriacy-Wantrup, Allan Schmid, and others in a strong internal critique of the discipline and, in particular, of the property rights school' of Coase, Demsetz, and other advocates of the market. Property rights are the common thread of this critique, which blames much of the failure of environmental economics to influence environmental policy on several fundamental misconceptions regarding property.
- OSTI ID:
- 6679414
- Resource Relation:
- Other Information: From review by David Sauri-Pujol, Universitat Autonoma de Barcelona, in Economic Geography, Vol. 68, No.4 (Oct 1992)
- Country of Publication:
- United States
- Language:
- English
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