Journal of Economic Perspectives: Vol. 16 No. 1 (Winter 2002)

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Environmental Policy Since Earth Day I: What Have We Gained?

Article Citation

Freeman, A MyrickIII. 2002. "Environmental Policy Since Earth Day I: What Have We Gained?" Journal of Economic Perspectives, 16(1): 125-146.

DOI: 10.1257/0895330027148

Abstract

I review the data on costs and benefits of the major environmental laws passed during the 1970s. The winners in terms of benefit-cost analysis include: getting lead out of gasoline; controlling particulate air pollution; reducing the concentration of lead in drinking water; and the cleanup of hazardous waste sites with the lowest cost per cancer case avoided under Superfund The losers include: mobile source air pollution control; water pollution control; and many of the regulations and cleanup decisions taken under the Federal Insecticide, Fungicide, and Rodenticide Act, the Toxic Substances Control Act, the Safe Drinking Water Act, and Superfund.

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Authors

Freeman, A. Myrick III (Bowdoin College, Brunswick, Maine, US)

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