Liberty, Markets, and Environmental Values: A Hayekian Defense of Free-Market Environmentalism
By Mark Pennington
This article appeared in the Summer 2005 issue of The Independent Review


Free-market environmentalism, which advocates private-property rights and market processes to promote environmental goals, is unlikely to make political progress unless its arguments are recast to address communitarian environmentalists on their own terms. F. A. Hayek’s insights about decentralized knowledge, spontaneous order, and the systemic nature of environmental problems provide an immensely helpful framework for this task.

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