I second Jim Devine's message about neoclassicals and the environment in
its entirety. The astounding misinterpretation of what the Coase theorem
actually tells any reasonable analyst about the likelihood of environmental
efficiency being achieved through voluntary and private negotiations of
I second Jim Devine's message about neoclassicals and the environment in
its entirety. The astounding misinterpretation of what the Coase theorem
actually tells any reasonable analyst about the likelihood of environmental
efficiency being achieved through voluntary and private negotiations of
