The case against free market environmentalism

Free market environmentalists believe that the extension of private property rights and market transactions is sufficient to address environmental difficulties. But there is no invisible hand operating in markets that ensures that environmentally sound practices will be employed just because property rights are in private hands. Also, liability laws and the court systems cannot be relied upon to force polluters to internalize the social costs of pollution. Third, market prices do not provide an objective measure of environmental matters. Finally, there is a right to a livable environment that justifies regulations protecting the public from unreasonable environmental risks.
Keywords Anderson and Leal  free market environmentalism  libertarianism  property rights  environmental rights  the state and the environment  the tragedy of the commons
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DOI 10.1007/BF02251876
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References found in this work BETA
A Theory of Justice.John Rawls - 2009 - In Steven M. Cahn (ed.), Philosophy and Rhetoric. Oxford University Press. pp. 133-135.
Risk and Rationality.Kristin Shrader-Frechette - 1991 - University of California Press.
Free Market Environmentalism.T. Anderson & D. Leal - 1994 - Environmental Values 3 (2):185-186.

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The Case for Free Market Environmentalism.Jan Narveson - 1995 - Journal of Agricultural and Environmental Ethics 8 (2):145-156.

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