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The Morality of Market Mechanisms to Control Pollution

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  • Wilfred Beckerman
  • Joanna Pasek

Abstract

The use of pollution charges or tradeable permits to reduce pollution has been condemned by many environmentalists and some philosophers on the grounds that (i) pollution is inherently immoral; (ii) environmental assets are not appropriately valued in monetary terms; and (iii) the sale of ‘environmental indulgencies’ is inequitable since it unfairly favours the rich. In this article it is argued that all these arguments are invalid.

Suggested Citation

  • Wilfred Beckerman & Joanna Pasek, 2003. "The Morality of Market Mechanisms to Control Pollution," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 4(3), pages 191-207, July.
    • Handle: RePEc:wej:wldecn:154
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    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=154
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    Cited by:

    1. Rod Tyers & Jane Golley & Ian Bain, 2007. "Projected Economic Growth in China and India: The Role of Demographic Change," ANU Working Papers in Economics and Econometrics 2006-477, Australian National University, College of Business and Economics, School of Economics.

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