Remarks by Michael H. Moskow Before the Conference Board: “Environmental Regulation: At What Cost”

by Michael H. Moscow on February 5, 1976
by Michael H. Moscow

The question I have been asked to address today is, “what ought we be willing to pay for environmental protection?” I am tempted to answer by saying that what we should pay depends on what environmental protection is worth to us. I don’t mean that to be flippant, I mean simply that environmental protection has differing value to different people, even differing value to the same people at differing times or under differing circumstances. It depends on their access to the pleasures a clean environment affords, and on their access to the products and pleasures whose production competes with the preservation of that environment. The value of environmental protection is not, therefore, a number but the product of an equation which requires continual updating…

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