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Liberty, Markets and Environmental Values: A Hayekian Defence of Free Market Environmentalism

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  • Pennington, Mark

    () (Department of Politics)

Abstract

Communitarian conceptions of the 'situated self' lie at the core of 'green' critiques of market approaches to environmental problems. According to this perspective resource management issues should be dealt with in the 'public sphere' of democratic politics rather than the 'private sphere' of market drien consumer choice. This paper suggests that such arguments rest on a series of non-sequiturs. Drawing on Hayek's non-rationalist liberalism it shows that a 'situated' view of the self offers a radical endorsement of the case for privatisating environmental assets, wherever it is possible to do so.

Suggested Citation

  • Pennington, Mark, 2004. "Liberty, Markets and Environmental Values: A Hayekian Defence of Free Market Environmentalism," Ratio Working Papers 50, The Ratio Institute.
  • Handle: RePEc:hhs:ratioi:0050
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    File URL: http://www.ratio.se/pdf/wp/mp_environ.pdf
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    Cited by:

    1. Fikret Adaman & Yahya M. Madra, 2012. "Understanding Neoliberalism as Economization: The Case of the Ecology," Working Papers 2012/04, Bogazici University, Department of Economics.
    2. Lenka Slavikova, 2013. "From Cost-Benefit to Institutional Analysis in The Economics of the Environment," Contemporary Economics, University of Finance and Management in Warsaw, vol. 7(2), June.

    More about this item

    Keywords

    free market environmentalism; property rights; deliberative democracy;

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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