Show Summary Details
The Politics of the Earth

The Politics of the Earth (4th edn)

John S. Dryzek
Page of

Printed from Oxford Politics Trove. Under the terms of the licence agreement, an individual user may print out a single article for personal use (for details see Privacy Policy and Legal Notice).

date: 16 August 2022

p. 1256. Leave It to the Market

Economic Rationalismlocked

p. 1256. Leave It to the Market

Economic Rationalismlocked

  • John S. DryzekJohn S. DryzekProfessor of Political Science at the Centre for Deliberative Democracy and Global Governance at the University of Canberra's Institute for Governance and Global Analysis

Abstract

Economic rationalism involves the intelligent deployment of market instruments to achieve public ends such as environmental protection and resource conservation. The instruments in question can involve the establishment of private property rights in land, air, and water; “cap and trade” markets in pollution rights (emissions trading); tradeable quotes in resources such as fish; green taxes, such as a carbon tax; and the purchase of offsets to compensate for environmentally damaging behavior. These instruments have been adopted in many countries, though with some resistance from those who believe there is more to life than economic reasoning.

You do not currently have access to this chapter

Sign in

Please sign in to access the full content.

Subscribe

Access to the full content requires a subscription