Browsing the "market" Tag

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Full-Cost Pricing: Getting the Market to Tell the Truth

The key to restructuring the economy is to get the market to tell the truth through full-cost pricing. If the world is to move onto a sustainable path, we need economists who will calculate indirect costs and work with political leaders to incorporate them into market prices by restructuring taxes. Full-cost pricing that will create an honest market is essential to building an economy that can sustain civilization and progress.

Lowering Income Taxes While Raising Pollution Taxes Reaps Great Returns

By Lester R. Brown As economic decision makers—whether consumers, corporate planners, government policymakers, or investment bankers—we all depend on the market for guidance. In order for markets to work and economic actors to make sound decisions, the markets must give us good information, including the full cost of the products we buy. Unfortunately, markets largely […]