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Reconsidering Environmental Policy: Prescriptive Consequentialism and Volitional Pragmatism

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Author Info
Daniel Bromley ()
Abstract

Prescriptive consequentialism informs currentassessments of rational action in economics. Choice is alleged to start with stable andknown preferences over alternative outcomes,and rational agents choose actions thatmaximize well being with respect to thesepreferences. Evidence suggests that thisformulation fails as an accurate and reliabledescription of how individuals make choices,and this formulation seems particularly at oddswith collective decision making with respect toenvironmental policy. Pragmatism, an importantbranch of philosophy, offers a theory of humanaction that economists would find helpful. This promise is especially pertinent to effortsdevoted to the assignment of values to parts ofnature, and to environmental policy in general. Copyright Kluwer Academic Publishers 2004

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File URL: http://hdl.handle.net/10.1023/B:EARE.0000023821.33379.b7
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Publisher Info
Article provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.

Volume (Year): 28 (2004)
Issue (Month): 1 (May)
Pages: 73-99
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Handle: RePEc:kap:enreec:v:28:y:2004:i:1:p:73-99

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Web page: http://www.springerlink.com/link.asp?id=100263

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Related research
Keywords: collective action; consequentialism; environmental policy; pragmatism; volitional pragmatism;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  5. Field, Alexander James, 1981. "The problem with neoclassical institutional economics: A critique with special reference to the North/Thomas model of pre-1500 Europe," Explorations in Economic History, Elsevier, vol. 18(2), pages 174-198, April. [Downloadable!] (restricted)
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    Other versions:
  7. Diamond, Peter A & Hausman, Jerry A, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall. [Downloadable!] (restricted)
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  19. Boadway, Robin W, 1974. "The Welfare Foundations of Cost-Benefit Analysis," Economic Journal, Royal Economic Society, vol. 84(336), pages 926-39, December. [Downloadable!] (restricted)
  20. Hahn, F H, 1970. "Some Adjustment Problems," Econometrica, Econometric Society, vol. 38(1), pages 1-17, January.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Lorenzo Pellegrini, 2009. "Forest management in Bolivia, Honduras and Nicaragua : reform failures?," Working Papers - General Series 474, Institute of Social Studies. [Downloadable!]
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