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Full-Text Articles in Law
Risk Regulations And Its Hazards, Stephen F. Williams
Risk Regulations And Its Hazards, Stephen F. Williams
Michigan Law Review
A Review of Breaking the Vicious Circle: Toward Effective Risk Regulation by Stephen Breyer
Environmental Faust Succumbs To Temptations Of Economic Mephistopheles, Or, Value By Any Other Name Is Preference, Carol M. Rose
Environmental Faust Succumbs To Temptations Of Economic Mephistopheles, Or, Value By Any Other Name Is Preference, Carol M. Rose
Michigan Law Review
A Review of The Economy of the Earth: Philosophy, Law, and the Environment by Mark Sagoff
Economic Theory And Environmental Law, Mark Sagoff
Economic Theory And Environmental Law, Mark Sagoff
Michigan Law Review
In Part I of this essay, I argue that environmental legislation, at least during the past twenty years, fails to make economic "common sense," that is, it fails to maximize the satisfaction of consumer demand over the long run. Laws like the Endangered Species Act flout this conception of economic efficiency. This is how most Americans would have it: most Americans reject the notion that the natural environment should be made over to serve the wants of the self-interested consumer. Part II describes the way that economists have attempted to take account of citizen or community-regarding preferences. I suggest that …