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Ceremonial Dimensions of Market-Based Pollution Control Instruments: The Clean Air Act and the Cap-and-Trade Model

In: Institutional Analysis and Praxis

Author

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  • Steven R. Bolduc

    (Minnesota State University)

Abstract

Market-based pollution control instruments represent the influence of a commitment to the principle of laissez-faire economics and the success of orthodox economics to steer public policy formation. The criteria for design and assessment of policy interventions however should not be influenced by a prior commitment to a problem-solving strategy. Rather, the inquiry guiding policy design and assessment should be guided by the recognition of social, ecological, and technological interdependence and by the discovery of evaluative criteria consistent with this interdependence.

Suggested Citation

  • Steven R. Bolduc, 2009. "Ceremonial Dimensions of Market-Based Pollution Control Instruments: The Clean Air Act and the Cap-and-Trade Model," Springer Books, in: Tara Natarajan & Wolfram Elsner & Scott Fullwiler (ed.), Institutional Analysis and Praxis, pages 255-272, Springer.
    • Handle: RePEc:spr:sprchp:978-0-387-88741-8_12
    DOI: 10.1007/978-0-387-88741-8_12
    as

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