Institutional Fantasylands: From Scientific Management to Free Market EnvironmentalismHarvard Journal of Law & Public Policy
AbstractExposes the utopian parallels between scientific management and free market environmentalism by exploring the limitations of an analytical framework. Outcomes of market-like processes; Expression of preferences through democratic processes; Failure to consider the endogeneity of preferences; Model of human nature; Endowment effects associated with allocation of ownership.
Citation InformationPeter S. Menell, Institutional Fantasylands: From Scientific Management to Free Market Environmentalism, 15 Harv. J.L. & Pub. Pol'y 489 (1992)