The Importance of Getting Names Right: The Myth of Markets for Water

by Joseph Dellapenna

Dec 1, 2000
In this article, I address one particular name much in vogue around the globe since the end of communism and the virtual demise of socialism-the word "market." I address the use of this word as applied to a particular context-namely the now fashionable claim that markets for water will provide a nearly painless means for resolving problems of water allocation, distribution, and preservation. What I find most alarming about this fashion is the misuse of the name market-at least as I understand that word.

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