Economics and the Environment: A Signalling and Incentives Approach

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Allen & Unwin, 1997 - Political Science - 340 pages
A new text detailing the economic approach to resolving our competing claims on a single environment
 

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Contents

SOCIAL COORDINATION THE ECONOMY
1
Scarcity and systems of social coordination
17
Social coordination in market
29
The economy and the environment
48
REASONS FOR COORDINATION FAILURES
59
Limitations of government signalling
103
DECISIONMAKING TOOLS
124
systems
162
LOCALISED ENVIRONMENTAL PROBLEMS
176
UNCERTAINTY AND WORLDWIDE PROBLEMS
226
depletion and climate change
243
important lessons
319
Notes
325
Index
335
Copyright

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Page 236 - The Parties should take precautionary measures to anticipate, prevent or minimize the causes of climate change and mitigate its adverse effects, where there are threats of serious or irreversible damage, lack of full scientific certainty should not be used as a reason for postponing such measures...
Page 13 - A thing is right when it tends to preserve the integrity, stability, and beauty of the biotic community. It is wrong when it tends otherwise.
Page 12 - In short, a land ethic changes the role of Homo sapiens from conqueror of the land-community to plain member and citizen of it.
Page 162 - A country could exhaust its mineral resources, cut down its forests, erode its soils, pollute its aquifers, and hunt its wildlife and fisheries to extinction, but measured income would not be affected as these assets disappeared.
Page 12 - We abuse land because we regard it as a commodity belonging to us. When we see land as a community to which we belong, we may begin to use it with love and respect.
Page 61 - My object all sublime I shall achieve in time, To make the punishment fit the crime, The punishment fit the crime.
Page 21 - Native title has its origin in and is given its content by the traditional laws acknowledged by and the traditional customs observed by the indigenous inhabitants of a territory. The nature and incidents of native title must be ascertained as a matter of fact by reference to those laws and customs.
Page 10 - ... on the problems, rather than the particular intellectual tools and models used to solve them, and by ignoring arbitrary intellectual turf boundaries. No discipline has intellectual precedence in an endeavor as important as achieving sustainability. While the intellectual tools we use in this quest are important, they are secondary to the goal of solving the critical problems of managing our use of the planet. We must transcend the focus on tools and techniques so that we avoid being "a person...
Page 316 - ... premise - marginal increments in the welfare of people count for less in the case of the already well-off than for those who are currently immiserated - and the implication is that one could identify situations in which the well-off have an obligation to subsidize the SMS in impoverished places. The SMS rule places biodiversity beyond the reach of routine trade-offs, where to give up ninety cents worth of biodiversity to gain a dollar's worth of ground beef is to make a net gain.

About the author (1997)

Ian Wills is a Senior Lecturer in economics at Monash University, and has also taught at the University of Arizona.

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