23 Aug 2021 A Policy Framework for Environmental Stewardship
Last week we examined the seventh principle in biblical environmental stewardship: that although cost-benefit analysis is an important tool to determine the wise use of resources, cost-benefit analysis cannot be completely comprehensive. Today wraps up this article series by drawing upon biblical principles from economics and politics to sketch out a general policy framework for dealing with environmental problems. A Policy Framework for Environmental Stewardship Environmental issues often result from the tragedy of the commons Many environmental issues arise from a classic economic problem, the tragedy of the commons.[i] The tragedy of the...