Abstract
Conventional environmentalist thought is suspicious of private markets and property rights. The prospect of global climate change, and consequent ecological disruptions, has fueled the call for additional limitations on private markets and property rights. This essay, written for the Environmental Law Symposium on 21st Century Water Law, presents an alternative view. Specifically, this essay briefly explains why environmental problems generally, and the prospect of changing environmental conditions such as those brought about by climate change in particular, do not counsel further restrictions on private property rights and markets. To the contrary, the prospect of significant environmental changes strengthens the case for greater reliance on property rights and market institutions to address environmental problems, such as the management of fresh water resources.
Keywords
environmental protection, markets, property rights, the commons, conservation, water rights, water markets, climate change, global warming, climate adaptation
Publication Date
2012
Document Type
Article
Place of Original Publication
Environmental Law
Publication Information
42 Environmental Law 93 (2012)
Repository Citation
Adler, Jonathan H., "Water Rights, Markets, and Changing Ecological Conditions" (2012). Faculty Publications. 24.
https://scholarlycommons.law.case.edu/faculty_publications/24
