Fabio Boschetti, Nick Hardman-Mountford, A Natural Dollar Currency for Ecological Resource Transactions and Management, The Solutions Journal, Volume 5, Issue 6, November 2014, Pages 54-59 (https://www.thesolutionsjournal.com/article/a-natural-dollar-currency-for-ecological-resource-transactions-and-management/) Abstract: Unconstrained free markets by their nature pose a threat to the natural environment. Few people believe that without regulation of these markets, the environment can avoid irreparable damage. However, experts disagree on the cause of this threat. Some authors see this as a system failure, which can be addressed only via a significant restructuring of our economic system, our relationship with nature, and our social values. Others see this as a market failure, that is, a consequence of markets not working as they should. In the latter group, we find representatives of both mainstream (market-centric) and ecological (i.e. eco-centric) economics. Both agree that properly designed markets are our best option for addressing current environmental challenges. Their main motivation is that, according to traditional economic theory a properly functioning market provides information on resource and service scarcity,1 leading to efficient allocation. This information is provided in a … Topics: Economy; Ecosystem Services