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Policy Concerns Regarding Ecologically Sound Disposal of Industrial Waste Materials

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Institutional Analysis and Economic Policy

Abstract

Early in the Twentieth Century, Thorstein B. Veblen argued that private business enterprise “has taken over the [natural] resources by a process of legalized seizure, and has used them up as rapidly as may be….” (Veblen 1919, 98). One of the most important natural resources seized and used up has been the living systems destroyed by industrial waste disposal. Improper waste disposal, in addition to resulting in disease problems for humans and other species, results in a loss of living systems upon which people and industry depend. Some of the services nature provides include purification of water and air; regulation of atmospheric chemistry; storage, detoxification, and recycling of human waste; natural pest and disease control; regulation of the chemical composition of oceans; maintenance of soil fertility; and nutrient storage and recycling. The attempt to replace these critical ecosystem services as they have been overwhelmed and destroyed by waste disposal has led to excessive resource costs and a burden in trying to maintain a standard of living.

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Authors
  1. F. Gregory Hayden
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Editors and Affiliations

  1. California State University, Sacramento, USA

    Marc R. Tool (Professor Emeritus of Economics) (Professor Emeritus of Economics)

  2. California State University, Fresno, USA

    Paul Dale Bush (Professor Emeritus of Economics) (Professor Emeritus of Economics)

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Hayden, F.G. (2003). Policy Concerns Regarding Ecologically Sound Disposal of Industrial Waste Materials. In: Tool, M.R., Bush, P.D. (eds) Institutional Analysis and Economic Policy. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-0261-6_16

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  • DOI: https://doi.org/10.1007/978-1-4615-0261-6_16

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-4992-1

  • Online ISBN: 978-1-4615-0261-6

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