Mar 8, 2018

Political economy of the environment

Part Two: Environmental protection – in theory and practice

5) What is efficiency?

There’s more – and less – to neoclassical efficiency than meets the eye.

 

6) Discounting the future

Are the lives of our grandchildren worth less than our own?

 

7) The value of a statistical life

How do economists put a monetary value on risks of death?

 

8) Externalities

External costs and benefits are not the exception – they’re the rule.

 

9) The Coase theorem

Why private bargaining can seldom solve environmental externalities.

 

10) The tragedy of the commons

More accurately, the tragedies of open access.

 

11) Environmental justice

Defending the right to a clean and safe environment.

 

12) Power & the environment

Costs and benefits weighted by the power of those to whom they accrue.

 

13) Regulation & environmental protection.

Rules as a solution to environmental problems.

 

14) Incentive-based environmental policies

Prices as another way to solve environmental problems.

 

15) Market failure & government failure

Democracy versus oligarchy: beyond the market-versus-government debate.