ENVR 101 Lecture Notes - Lecture 7: Environmental Policy, Market Failure, Land Management
9 Feb 2017
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Document Summary
Ethics and economics clarify how society can address problems: government interacts with citizens, organizations, and the private sector, capitalist markets are driven by short-term profit, not long-term social or environmental stability, market failure justifies government intervention. Little incentive to minimize impacts: reasons for governments to intervene in market, provide social services, national defense, health care, education, pro(cid:448)ide (cid:862)safety (cid:374)ets(cid:863) For elderly, the poor, victims of natural disasters. Eliminate unfair advantages held by single buyers/sellers: manage publicly held resources, minimize pollution and threats to health and quality of life. Environmental policy tries to: prote(cid:272)t people"s health a(cid:374)d (cid:449)ell-being, promote equity or fairness in resource use. Tragedy of the commons: publicly accessible resources become overused and degraded when unregulated. Forests, fisheries, clean air, clean water, global climate: best prevented by restrictions of use and management. Early studies credit the psa program for saving forests.
