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Article
Institutional Fantasylands: From Scientific Management to Free Market Environmentalism
Harvard Journal of Law & Public Policy
  • Peter S. Menell, Berkeley Law
Publication Date
1-1-1992
Disciplines
Abstract
Exposes 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 Information
Peter S. Menell, Institutional Fantasylands: From Scientific Management to Free Market Environmentalism, 15 Harv. J.L. & Pub. Pol'y 489 (1992)