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Nature, Economy, and Equity: Sacred Water, Profane Markets (Chapter 5: Water Marketing in California: Past Failure and Potential Success)

Numerous conflicts over natural resources can be overcome by restoring reciprocity between public and private sectors of the economy. Chapter 5 shows why “water markets,” the standard panacea offered by most economists, have failed to improve either the efficiency or equity of water allocations in California and why such schemes are likely to fail for other natural resources. The missing element in such plans is a method of creating reciprocity by compensating the public, as the original owners of all natural resources.
Publication date: 5 May 2023

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title:

Nature, Economy, and Equity: Sacred Water, Profane Markets (Chapter 5: Water Marketing in California: Past Failure and Potential Success)

creator:

Mason Gaffney

subject:

Taxation, Land Tax, Property Taxes; Land Economics;, Economics, Mason Gaffney, American Journal of Economics and Sociology (AJES), Academic Publication, Academic Journal, Scholarly Article, Water Law, Water Economics, Water

publisher:

American Journal of Economics and Sociology (AJES)

date:

2016

source:

https://www.librarycat.org/lib/EngelGeorgistLibrary/item/238608652

rights:

This article was published in the American Journal of Economics and Sociology (AJES), a Wiley publication, and the intellectual property rights contained therein are protected by law. Patrons of the Robert Schalkenbach Foundation's Engel Geogist Library, however, may view, download, store or print out single copies of individual articles for their own personal, scholarly, educational, scientific research or internal business use. If you would like a copy of this article, please contact archivist@schalkenbach.org to become a library patron.