Lessons in Sustainability from the Murray–Darling Basin
Edited by John Quiggin, Thilak Mallawaarachchi and Sarah Chambers
Chapter 9: Informing Tough Trade-offs in the Murray–Darling Basin
JOBNAME: Quiggin PAGE: 3 SESS: 2 OUTPUT: Fri Feb 10 09:39:43 2012 9. Informing tough trade-offs in the Murray–Darling Basin Jeff Bennett INTRODUCTION The harsh reality of life that we all (eventually) face as we grow up is that – in the words of the Rolling Stones – ‘you can’t always get what you want’. The tantrums of the two-year-old (mostly) give way to the recognition of constraints: Mum and Dad are not so generous that everyone in the family can have whatever they want whenever they want it. Parents inevitably face a tough time when demonstrating this ‘fact of life’. The process usually involves the imposition of rules and then enforcing those rules. A period of conflict often ensues: hence the tantrums. However, with consistency of application, the rules become well known and harmony within the family prevails. Society on a broader scale faces a similar context. The resources available are not so bountiful that all can satisfy their every desire. Choices have to be made that determine who gets access to which resources for what purpose. The coordination of people so that these choices can be made without disruptive and wasteful ‘tantrums’ is arguably the highest priority for society. Just as in the family context, the setting of rules and their enforcement is fundamental. The primary rules or ‘institutions’ that underpin the social coordination of resource use choice relate to the establishment and enforcement of property rights and the exchange of those rights between people. Some of...
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