Climate Quote by Ha-Joon Chang
“People 'over-produce' pollution because they are not paying for the costs of dealing with it.”
About This Quote
Source Book: Economics of the Environment, 2005
Pollution is over‑produced when producers avoid paying for environmental damage.
In simple terms: Ignoring costs fuels pollution.
Key Takeaway
Internalize environmental costs.
Themes
environment
economics
externalities
Mood
analytical
concerned
Type
policy
educational
When to use this quote
- industrial regulation
- tax incentives
- corporate responsibility
Key Concepts
public policy
sustainability
Questions to Reflect On
- How can we enforce polluter pays?
- What incentives reduce waste?
A Different Perspective
Implementation faces political resistance.
![“Joseph Schumpeter emphasized that all analysis in economics is preceded by a pre-analytical cognitive act, called vision, in which the analyst ‘visualise[s] a distinct set of coherent phenomena as a worth-while object of [his] analytic efforts’. He pointed out that ‘this vision is ideological…” quote by Ha-Joon Chang](https://sms4smile.com/quotes/img-quotes/828/ha-joon-chang-3497_dreams_joseph-schumpeter-emphasized-that-all-an_438236.jpg)
