GEOG203 Chapter Notes - Chapter 3: Ecological Modernization, Kuznets Curve, Simon Kuznets
1 Jun 2016
School
Department
Course
Professor
Document Summary
Geog 203 chapter 3 coarse theorem and market based economy. The coarse theorem based on neoclassical economics, stating that; externalities can be most efficiently controlled through contacts and bargaining between parties assuming the transaction of costs of reaching a bargain are not excessive. Many of the environmental problems that arise can simply be solved through bargaining and contracts between the owners of these resources. Perspectives and approaches: each rests on certain assumption, each has important implications, accepting one approach over another has repercussions for society and may benefit some groups over others. Putting a price on nature: can markets be green and social: thinking with markets. Can deepen inequalities: market environmentalism the more that market exchange penetrates into the environment, the greater the efficiency of environmental management. Attempts by the state to make rules about resource use and inherently inefficient in striking a balance between maximizing economic benefits and maintaining desirable resource levels: becoming modern .
