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Chapter 14 – Issue: The Environment

Read Chapter 14 – Issue: The Environment

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Contents:

Opening story: The mousetrap – 473

Introduction to the Issue – 474

Expanding the Models – 482

Shared Tools: Tragedy of the commons – 482

Exercise 14.1: Is It a Commons? – 484

Conventional Theory Tools: Negative externalities and cost-benefit analysis – 483

Conventional Policies – 491

Liberal view: Cost-benefit analysis – 491

Liberal Policy: Command and control regulation; supplemental carbon pricing – 492

Conservative view: Cost-benefit analysis – 493

Conservative Policy: Expanded private property rights; revenue-neutral carbon taxes; free-market cap and trade – 494

Radical Theory Tools: Unsustainable growth and sustainable development – 495

Radical Policy – 500

Radical Policy: Green New Deal; commons viability analyses – 500

Discussion story: The Cuyahoga River – 503

Understanding the Issue – 505

Voices on the Environment – 521

Radical: Voice, Summary, Talking Points – 522

Liberal: Voice, Summary, Talking Points – 529

Conservative: Voice, Summary, Talking Points – 536

The Shared Outcome – 543

Three-in-One Activity: “Tragedy of the Commons” – 544

Re-Vote – 552

Test Yourself, Key Terms, Answer Key – 552

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Voices On The Economy (VOTE) Copyright © by Amy S. Cramer, PhD and Laura Markowitz is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License, except where otherwise noted.

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