Hayek_Coase

Hayek, Coase and the environment

“If Hayek and Coase were Environmentalists: linking economics and ecology” (Terry Anderson, Hoover Institution, February 2015, 32 pp.) This essay argues that the focus of ecology and economics on equilibria and externalities misses the dynamic connection between humans and nature and that there is a better alternative for linking ecology with economics, one that builds[…]