effective way to keep the environment clean.
O BJE CT I ONS TO TH E ECO N O MIC A N ALYSIS O F P O L L U T IO N
"We cannot give anyone the option of polluting for a fee." This comment by for-
mer Senator Edmund Muskie reflects the view of some environmentalists. Clean
air and clean water,
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should protect it as much as possible, regardless of the cost.
220 PA R T F O U R THE ECONOMICS OF THE PUBLIC SECTOR
Economists have little sympathy with this type of argument. To economists,
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good environmental policy begins by acknowledging the first of the Ten Principles
of Economics in Chapter 1: People face tradeoffs. Certainly,
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