A Stern warning that markets fail
by John Coulter
An article from Australian Options, Winter 2007, pp 5-8
'Placing the greatest environmental threat ever faced by humanity in the context of 'the market' abd 'economic growth' is disturbing. It assumes a legotimacy of this context for the analysis and presumably the resolution of this and other environmental threats that is unjustifoed. ... Stern identified two areas in which the market system has faild with respect to climate change.'