All Posts Tagged With: "equating at the margin"
Getting the Most Out of Pollution
The Environmental Protection Agency’s attempt to reduce pollution with command and control suffers from the same problem as attempting to direct the economy with socialism—central authorities dictate outcomes without knowing what the outcomes should be or how they are best achieved.
1Oct2001 | Dwight R. Lee | 0 comments | ContinuedThe Problem of Environmental Protection
A common belief is that economists don’t care much about the environment because they are preoccupied with money, markets, and material wealth. And when economists do consider ways to protect the environment, they emphasize benefits and costs, trying to express all values in terms of cash.
1Apr2001 | Dwight R. Lee | 2 comments | Continued-
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