ENTREPRENEURIAL DISCOVERY AS A BLIND SPOT OF ENVIRONMENTAL ECONOMICS

Pierre Desrochers and Erwan Queinnec
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Pierre Desrochers: Geography Department, University of Toronto - University of Toronto

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Abstract: Sustainable development theorists and environmental economists almost invariably promote greater fiscal, regulatory and ethical activism as desirable means to reconcile economic development and environmental protection. Closer examination of industrial behaviour during the nineteenth and early twentieth century, however, suggests that market economies might be more self-correcting in this respect than generally acknowledged. A case in point is the long-standing, spontaneous and widespread creation of valuable by-products out of once polluting waste and emissions. By documenting how market incentives and institutions played the key roles in this respect, this paper challenges the foundations of the now dominant environmental market failure paradigm.

Keywords: By-product development; Environmental Economics; Loop Closing; Sustainable Entrepreneurship; Win-Win innovations (search for similar items in EconPapers)
Date: 2016-07-07
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Published in 10th International Conference "Environmental Entrepreneurship", International Center for Research on Environmental Issues (ICREI), Jul 2016, Aix en Provence, France

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01367932

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