The Necessity of Economics: The Preferential Option for the Poor, Markets and Environmental Law

25 Pages Posted: 15 Oct 2007  

Andrew P. Morriss

Texas A&M School of Law; PERC - Property and Environment Research Center; George Mason University - Mercatus Center

Abstract

Markets and economic theory are often cast as the enemies of both the poor and environmental quality. This paper, part of the Peace with Creation symposium held at the St. Thomas School of Law in Minneapolis, argues that economics provides a necessary, but not sufficient, tool to address the problems of the poor and of improving environmental quality. The paper discusses ten propositions of economic theory and explains how each applying them results in both improvements in environmental quality and in the lot of the poor. The paper then briefly examines three examples of how applying the lessons of economics accomplishes both. It concludes by arguing that fulfilling Christianity's obligations towards both God's creation and the poor requires that we understand the economic implications of our actions.

Suggested Citation

Morriss, Andrew P., The Necessity of Economics: The Preferential Option for the Poor, Markets and Environmental Law. University of St. Thomas Law Journal, Forthcoming; U Illinois Law & Economics Research Paper No. LE07-031. Available at SSRN: https://ssrn.com/abstract=1021462

Andrew P. Morriss (Contact Author)

Texas A&M School of Law ( email )

1515 Commerce Street
Fort Worth, TX 76133
United States

PERC - Property and Environment Research Center ( email )

2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States

George Mason University - Mercatus Center ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

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