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If Hayek and Coase Were Environmentalists: Linking Economics and Ecology

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  • Terry L. Anderson

    (Hoover Institution)

Abstract

This essay argues that the focus of ecology and economics on equilibria and externalities misses the dynamic connection between humans and nature and that there is a better alternative for linking ecology with economics, one that builds on the teachings of Nobel laureates Friedrich Hayek and Ronald Coase.

Suggested Citation

  • Terry L. Anderson, 2015. "If Hayek and Coase Were Environmentalists: Linking Economics and Ecology," Economics Working Papers 15102, Hoover Institution, Stanford University.
    • Handle: RePEc:hoo:wpaper:15102
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    References listed on IDEAS

    as
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    8. Anderson,Terry L. & Libecap,Gary D., 2014. "Environmental Markets," Cambridge Books, Cambridge University Press, number 9780521279659.
    9. Gary D. Libecap & Dean Lueck, 2011. "The Demarcation of Land and the Role of Coordinating Property Institutions," Journal of Political Economy, University of Chicago Press, vol. 119(3), pages 426-467.
    10. Chris D. Thomas, 2013. "The Anthropocene could raise biological diversity," Nature, Nature, vol. 502(7469), pages 7-7, October.
    11. Terry L. Anderson, 2004. "Donning Coase‐coloured glasses: a property rights view of natural resource economics," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(3), pages 445-462, September.
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