We are thrilled to announce an Astor Visiting Lectureship in “Environmental Markets” by Prof Michael Hanemann from USA hosted by the Smith School of Enterprise and the Environment.
Economists tend to see the establishment of marketing – whether for water, pollution emissions, or the right to harvest fish or other resources – as unambiguously superior to other forms of regulation. Some non-economists see marketing as inherently objectionable. Both views are simplistic. They overlook the legal, political and social factors that – together with economic considerations – determine how well something is amenable to marketing. The history and future of environmental markets is assessed in that light.

Michael Hanemann is Wrigley Professor of Sustainability in the Department of Economics at Arizona State University, and Chancellor’s Professor Emeritus in the Department of Agricultural & Resource Economics at the University of California, Berkeley. An Oxford PPE graduate, he is a member of the US National Academy of Sciences and a Fellow of the Association of Environmental & Resource Economists and also the European Association of Environmental & Resource Economists.