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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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    File URL: http://www.hoover.org/sites/default/files/15102_-_anderson_-_if_hayek_and_coase_were_environmentalists.pdf
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    References listed on IDEAS

    as
    1. Anderson, Terry L., 2004. "Donning Coaseā€coloured glasses: a property rights view of natural resource economics," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 0(Issue 3), pages 1-18.
    2. Lueck, Dean, 1989. "The Economic Nature of Wildlife Law," The Journal of Legal Studies, University of Chicago Press, vol. 18(2), pages 291-324, June.
    3. Muth, Mary K & et al, 2003. "The Fable of the Bees Revisited: Causes and Consequences of the U.S. Honey Program," Journal of Law and Economics, University of Chicago Press, vol. 46(2), pages 479-516, October.
    4. Anderson,Terry L. & Libecap,Gary D., 2014. "Environmental Markets," Cambridge Books, Cambridge University Press, number 9780521279659.
    5. 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.
    6. 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.
    7. Cooter, Robert D & Rubinfeld, Daniel L, 1989. "Economic Analysis of Legal Disputes and Their Resolution," Journal of Economic Literature, American Economic Association, vol. 27(3), pages 1067-1097, September.
    8. Anderson, Terry L & Hill, Peter J, 1975. "The Evolution of Property Rights: A Study of the American West," Journal of Law and Economics, University of Chicago Press, vol. 18(1), pages 163-179, April.
    9. Anderson,Terry L. & Libecap,Gary D., 2014. "Environmental Markets," Cambridge Books, Cambridge University Press, number 9781107010222.
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