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Entrepreneurial Discovery As A Blind Spot Of Environmental Economics

Author

Listed:
  • Pierre Desrochers

    (Geography Department, University of Toronto - University of Toronto)

  • Erwan Queinnec

    (CEPN - Centre d'Economie de l'Université Paris Nord - UP13 - Université Paris 13 - USPC - Université Sorbonne Paris Cité - CNRS - Centre National de la Recherche Scientifique)

Abstract

Sustainable development theorists and environmental economists almost invariably promote greater fiscal, regulatory and ethical activism as desirable means to reconcile economic development and environmental protection. Closer examination of industrial behaviour during the nineteenth and early twentieth century, however, suggests that market economies might be more self-correcting in this respect than generally acknowledged. A case in point is the long-standing, spontaneous and widespread creation of valuable by-products out of once polluting waste and emissions. By documenting how market incentives and institutions played the key roles in this respect, this paper challenges the foundations of the now dominant environmental market failure paradigm.

Suggested Citation

  • Pierre Desrochers & Erwan Queinnec, 2016. "Entrepreneurial Discovery As A Blind Spot Of Environmental Economics," Post-Print hal-01367932, HAL.
    • Handle: RePEc:hal:journl:hal-01367932
    as

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