I love that when Cap & Trade was introduced in the 1990s, Democrats and environmentalists derided it as putting a price on the environment and capitulating to business. Republicans pushed it as a market-based solution to a social problem. Now, Democrats and environmentalists embrace C&T as the greenest thing around (well, other than structurally-similar carbon […]
I think it’s time to regroup, and actually do some of the ‘re’ thinking of markets I’m always planning to get around to. I want to do so in the context of three recent observations: The Examples The first observation comes from Fabio Rojas, over at the orgtheory blog – though it is slowly becoming […]
Summary: A research project originally conceived in collaboration with Wendy Espeland, looking at the creation of pollution allowances in Title IV of the 1990 Clean Air Act Amendments. These allowances have become the demonstration project to show the effectiveness of market-based solutions to environmental problems. We show how the commodity was created, using commensuration as […]