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J. H. Dales

Pollution, Property & Prices: An Essay in Policy-Making and Economics (New Horizons in Environmental Economics series)

by J.H. Dales (Author)

3.3 3 ratings

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In this classic book, originally published in 1968 by University of Toronto Press, John Dales proposed a new policy instrument for tackling pollution problems, namely markets in pollution rights. Dales was one of the first economists to put forward such a solution, and in subsequent years a system of emissions trading has evolved which is now a centerpiece in international discussions of how to address the problem of global climate change.

Policymakers around the world are still exploring ways in which the marketable-rights approach may be used to increase the effectiveness of environmental regulation. From this perspective, readers will find this short and extremely readable book of great interest - as a return to the basic idea in its original form and a lucid justification for its continued use.

ISBN-10

1840648422
ISBN-13

978-1840648423
Publisher

Edward Elgar Pub
Publication date

May 31, 2002
Language

English
Dimensions

5.75 x 0.5 x 9 inches
Print length

136 pages
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3.3 out of 5

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gotthatpma

Vital for understanding neoliberal environmental policy

Reviewed in the United States on January 15, 2014

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Along with Coase (1960) this is one of the foundational texts of market-based environmental policy. Dales is an engaging writer and he makes his key concepts intelligible even for readers without a strong background in economics. On rereading, one of the most striking aspects of this work is the treatment of the relationship between government and markets- far more nuanced than some contemporary pulp-ups might lead one to believe. All in all, a key text for readers serious about understanding market environmentalism, either for or against.

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Daniel H. Cole

Among the most important works in the literature.

Reviewed in the United States on December 22, 2003

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John Dales's classic book, "Pollution, Property, and Prices" remains as useful and important today as when it was first published in 1968. The book is most famous for the author's elaboration of the theory of cap-and-trade, which has only recently become the regulatory instrument of choice among environmental policy-makers. Dales's book is just as important, however, for recognizing the limitations, as well as the utility, of economic theory for environmental protection. It is,in short, a great book by a very thoughtful scholar. And it is must reading (and re-reading) for any student of environmental policy.

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