Award Date

1-1-1991

Degree Type

Thesis

Degree Name

Master of Arts (MA)

Department

Economics

First Committee Member

Murray N. Rothbard

Number of Pages

118

Abstract

This thesis applies Austrian economic theory to environmental goods. It emphasizes capital, interest and entrepreneurial satisfaction of consumer demand for environmental goods. Although provision of several types of environmental goods is mentioned, the final application is to groundwater resources; Both capital and consumer environmental goods must be privately owned and freely exchanged to generate market prices that are used to determine whether capital is being maintained and whether production satisfies consumer demand. Political control wastes resources and causes conflicts. Prior appropriation is the best legal system for recognition of water property titles. Private ownership of water does not preclude cooperation. Private corporations could hire teams of hydrologists and engineers to manage aquifers for maximum shareholder value.

Keywords

Approach; Austrian; Economics; Environmental

Controlled Subject

Economics; Agriculture--Economic aspects; Environmental sciences

File Format

pdf

File Size

4403.2 KB

Degree Grantor

University of Nevada, Las Vegas

Language

English

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