Peter S. Menell,
Institutional Fantasylands: From Scientific Management to Free Market Environmentalism, 15
Harv. J.L. & Pub. Pol'y
Available at: http://scholarship.law.berkeley.edu/facpubs/203
Exposes the utopian parallels between scientific management and free market environmentalism by exploring the limitations of an analytical framework. Outcomes of market-like processes; Expression of preferences through democratic processes; Failure to consider the endogeneity of preferences; Model of human nature; Endowment effects associated with allocation of ownership.