A cautionary tale of ozone regulation
Andrew Morriss, Fr. Michael Butler
Policy recommendations from theologians and Church authorities have taken the form of pontifications, obscuring many economic and public policy realities. Butler and Morriss offer a new contribution to Orthodox environmental theology by Church teaching but also by sound economic analysis.
Property rights are essential for market exchange. The definition of those rights, their enforcement, and their transferability all help determine the extent of trade and the rate of economic development and wealth creation.