Biography

Achim Lerch is professor of Economics at the FOM University for Applied Sciences, Germany. He has published books on property rights and biodiversity as well as normative fundamentals of ecological economics and several articles on carbon pricing with a focus on social justice. He also taught at Kassel and Rostock universities and the Hessian University of Cooperative Education.

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“Where Did All the Markets Go?”1 was a question prominent amongst environmental economists in the 1990s when they realized the lack of market-based approaches in environmental policy practice with despair. The neoclassical economic theory of politics – or Public Choice –answered that question by claiming a “market tendency for the political …

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