Environmental economics: An Austrian approach
type: CreativeWork
description: 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.
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.
author: Zahnd, Fiammetta Elena
language: English
date published: 1991-01-01T08:00:00Z
date modified: 2026-07-24T05:24:07Z
provider: University of Nevada - Las Vegas
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: University of Nevada, Las Vegas

PropertyValue
property ID: DOI
value: 10.25669/40vt-wk9s