ENV222H1 Lecture : March 1 catch up lecture P2

• School: UTSG
• Department: School of Environment
• Course: ENV222H1
• Professor: Mairi Mac Donald

Document Summary

Completion of march 1 lecture: there is another view: institutions having to do w/private property, institutions: refers to (in simplest sense) rules, norms, crystallized and codified into particular behaviours. Also patterns of behaviour = we are able to predict how to behave: institutions are used to reduce costs (the costs of doing anything). We have rules b/c they allow us to predict the behaviour of others and thus we are able to predict the transaction costs. The argument is then extended that the solution is economic growth. The empirical basis is that the northern countries took the lead in making policies: one of the reasons the northern countries now are doing better at environmental impact is b/c they have moved production to southern states. There is a body of thought that argues this is a solution. Prof: nothing in literature that is convincing: careless technology the impact of technology.