The economic common sense of pollution
We going to make very little real progress in solving the problem of pollution until we recognize it for what, primarily, it is: an economic problem, which must be understood in economic terms. Of course, there are noneconomic aspects of pollution, as there are with all economic problems, but all too often, such secondary matters dominate discussion. Engineers, for example, are certain that pollution will vanish once they find the magic gadget or power source. Politicians keep trying to find the right kind of bureaucracy; and bureaucrats maintain an unending search for the correct set of rules and regulations. Those who are above such vulgar pursuits pin their hopes on a moral regeneration or social revolution, apparently in the belief that saints and socialists have no garbage to dispose of. But as important as technology, polities, law, and ethics are to the pollution question, all such approaches are bound to have disappointing results, for they ignore the primary fact that pollution is an economic problem.