Most insights of environmental economics are in line with the standard neo-classical economic model of rational behaviour, formulated in terms of maximisation of utility in general, or profits in particular. The standard theory of environmental policy is a case in point. However, the...

Most insights of environmental economics are in line with the standard neoclassicaleconomic model of rational behaviour, formulated in terms of maximization of utility ingeneral, or profits in particular. The standard theory of environmental policy is a casein point. However, the maximization...