E-Books →Valuing Clean Air The EPA and the Economics of Environmental Protection

In Valuing Clean Air, Charles Halvorson examines how the environmental concern that propelled the Clean Air Act and the EPA coincided with economic convulsions that shook the liberal state to its core. Business groups, public interest organizations, think tanks, and a host of other actors, including Ralph Nader, wasted little time after the EPA's creation in identifying and trying to pull the new levers of power. As powerful businesses pressed to roll back regulations, elected officials from both political parties questioned whether the nation could keep its environmental promises. In response, the EPA's staff and leadership practiced a politics of the possible, adopting a monetized approach to environmental value that shielded the agency's rulemaking but sat at odds with environmentalist notions of natural rights and contributed to the elevation of economics as the language and logic of policy. As Halvorson demonstrates, environmental protection came to serve as a central battleground in larger debates over markets, government, and public welfare.
For anyone who has wondered where cap and trade came from and how environmental activists came to discuss wetlands protection, air pollution, and fracking in the language of cost-benefit analysis, Valuing Clean Air provides an insightful look at a half-century of the making of US environmental policy.