Pricing for Pollution
Groundbreaking analysis of the benefits of free banking
Market pricing, government regulation, environmental policy
The Second Edition of this ‘classic’ Hobart Paper (first published in 1975) makes a major contribution to a debate that is of deep concern to us all. Wilfred Beckerman makes a cogent case for pollution control through taxation (by what he calls ‘pollution charges’). He shows that if pollution charges were adopted, they would help poor countries as well as rich ones.