Book by Dales, J.H.
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J.H. Dales,
'Dales pointed out that traditional economic and legal solutions to pollution and resource problems were never going to be satisfactory and that a ''third way'' was needed. Today, all environmental economists of my generation recognise the debt we owe to Dales's work, as one of the intellectual foundations for emissions trading that began in California in the 1970s and now extends across the world. It is a work of immense influence which deserves reprinting.' --David Pearce, University College London, UK
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