Ecological Economics and Sport Stadium Public Financing
23 Pages Posted: 5 Dec 2016 Last revised: 1 Jul 2017
Date Written: December 2, 2016
Given the recent importance that sport organizations, academics, and the public have placed on environmental sustainability this article introduces the study of ecological economics — founded upon Nicholas Georgescu-Roegen’s application of thermodynamics to economics — to legal perspectives on public financing. The authors argue that the economic growth limits implied by thermodynamic principles should be incorporated in the public financing of sport stadiums. More specifically, municipalities can require facilities receiving public financing to produce environmental cost accounting reports and to make them publically available.
Keywords: Ecological economics, stadium financing, sports law, Georgescu-Roegen
JEL Classification: A10, A12, A19, K1, K10, K32, Q10, Q59, Q57, Q58, Z2, Z20, Z23, Z28
Suggested Citation: Suggested Citation