Natural capital, unnatural markets

Dados Bibliográficos

ID12929494
AutoresJoel Millward-Hopkins (0000-0003-4189-1658, University of Leeds, autor correspondente)
Ano2015
Volume7
Fascículo1
Páginas13-22
Data de publicação2015-10-19
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoWiley Interdisciplinary Reviews Climate Change (JOURNAL)
Identificadores do periódicoISSN: 1757-7780 • E-ISSN: 1757-7799
EditoraWiley (PUBLISHER • GB)
DOI10.1002/wcc.370
OpenAlexW2135382447
IdiomaEN
Citações recebidas1
Referências citadas54

This short opinion article is intended to provoke debate around the use of market mechanisms and financial incentives as strategies to mitigate climate change and other ecological issues. It does so by synthesizing schools of thought that critique the ‘naturalization’ of the market and examining these within the context of environmental politics. The article first briefly reviews the most serious criticisms of market‐ and incentive‐based approaches to environmental issues, drawing upon literature from sociology, (steady‐state) economics, and moral and political philosophy as well as recent empirical evidence from behavioral psychology. Subsequently, with reference to anthropological observations and a number of political theorists (Michael Foucault, David Graeber and others), it outlines the contradiction between the 'naturalization' of the market (i.e., the market as a phenomena that emerges spontaneously from natural human self‐interest) and the explicit function of the state within neoliberalism to construct markets and market subjects. Finally, an argument is presented that some sectors of the environmental movement have been captured (implicitly and perhaps begrudgingly) by a naturalized vision of the market and hence, inadvertently, are supporting neoliberalism in extending market relations and cultivating market subjects. WIREs Clim Change 2016, 7:13–22. doi: 10.1002/wcc.370 This article is categorized under: Climate Economics > Economics and Climate Change Climate, Nature, and Ethics > Comparative Environmental Values

Argument (complex analysis · Context (archaeology · Economics · Factor market · Market economy · Neoliberalism (international relations · Nonmarket forces · Political economy · Political science · Politics · Positive economics · Sociology · Climate Change and Geoengineering · Climate Change Policy and Economics · Economic and Environmental Valuation · Law