What is the source of our environmental problems? Why is there in
modern societies a persistent tendency to environmental damage?
From within neoclassical economic theory there is a straightforward
answer to those questions: it is because environmental goods and
harms are unpriced. They come free. This position runs up against a
view which runs in entirely the opposite direction, that our
environmental problems have their source not in a failure to apply
market norms rigorously enough, but in the very spread of these
market mechanisms and norms. The source of environmental problems
lies in part in the spread of markets both in real geographical
terms across the globe and through the introduction of markets
mechanisms and norms into spheres of life that previously have been
protected from markets. In this book, John O'Neill conducts a
thorough examination of these two opposing viewpoints covering a
discussion of the ethical boundaries of markets, the role of
private property rights in environmental protection, the nature of
sustainability and the valuation of goods over time. This book is
essential reading for undergraduate and postgraduate students
studying courses in ecological and environmental economics.
General
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