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Salvation or Commodification? The Role of Money and Markets in Global Ecological Preservation

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  • Ann E. Davis

Abstract

Rather than view the market as a tool for addressing climate change, through carbon tax or carbon permits, we argue that redefining “property†is more effective. Instead of right to exclude and absolute individual ownershp, we recommend ecological communities which prioritize human relationships and ecological stewardship. Global federations of ecological regions will manage nutrient flows on the local and global level, with democratic participation informed by ecological science. New values of caring for the earth will support and sustain new forms of solidarity. JEL Classification: B5, Q5

Suggested Citation

  • Ann E. Davis, 2019. "Salvation or Commodification? The Role of Money and Markets in Global Ecological Preservation," Review of Radical Political Economics, Union for Radical Political Economics, vol. 51(4), pages 536-543, December.
    • Handle: RePEc:sae:reorpe:v:51:y:2019:i:4:p:536-543
    DOI: 10.1177/0486613419859688
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    References listed on IDEAS

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    1. Elinor Ostrom, 2010. "Beyond Markets and States: Polycentric Governance of Complex Economic Systems," American Economic Review, American Economic Association, vol. 100(3), pages 641-672, June.
    2. Ann E. Davis, 2015. "The Evolution of the Property Relation," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-34656-8, December.
    3. Ann E. Davis, 2015. "Property and Paradigms," Palgrave Macmillan Books, in: The Evolution of the Property Relation, chapter 0, pages 27-56, Palgrave Macmillan.
    4. Ann E. Davis, 2015. "The Property Relation," Palgrave Macmillan Books, in: The Evolution of the Property Relation, chapter 0, pages 3-25, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    ecological economics; climate change; property; governance;
    All these keywords.

    JEL classification:

    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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