Abstract
Since the subject of environmental economics first began to arouse public debate at the end of the 1980s, attention has focused on what are widely described as ‘market’ solutions to environmental problems. Predisposed as they are to market-based analysis, and to the abstract concept of ‘optimality’, the majority of environmental economists have been engaged either in studying ‘market-based mechanisms’ of environmental control, such as green taxes and tradable quotas, or in devising hypothetical markets by which to value environmental goods. Needing snappy headlines and uncomplicated arguments, media commentators have eagerly seized on the apparent Left-Right conflict in environmental policy, with the Left said to favour old-fashioned ‘regulation’, the Right the new solutions of the ‘free market’. Meanwhile real free market solutions, grounded in other policy areas, have been cheerfully applied to environmental issues by those with a genuinely ideological axe to grind.
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© 1995 Robyn Eckersley and contributors
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Jacobs, M. (1995). Sustainability and ‘the Market’: A Typology of Environmental Economics. In: Eckersley, R. (eds) Markets, the State and the Environment. Palgrave, London. https://doi.org/10.1007/978-1-349-14022-0_3
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DOI: https://doi.org/10.1007/978-1-349-14022-0_3
Publisher Name: Palgrave, London
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