Herman Daly: "Toward an Ecological Economics”
The Great Simplification with Nate Hagens
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Carbon Taxes Versus Capin Trade - Is That a Good Idea?
i personally think that quantitative limits, theoretically, are better than price limits, taxes. If if you limit that quantity, then given a demand curve, you'll determine the price. But demand urves are really not known. You can draw one on the blackboard, but they're shifting all around and there's errors and omissions. So safe is safer, ecologically, i think, to fix the quantity and then let the variations and errors and omission work themselves out in price variations. That would be my preference, theoretically.
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