Editing Environmental economics (section)

=== 20th Century ===
Environmental economics became increasingly more popular in the 19th century.<ref name=":2">{{Cite journal |last=Pearce |first=David |date=2002 |title=An Intellectual History of Environmental Economics |url=https://www.annualreviews.org/content/journals/10.1146/annurev.energy.27.122001.083429 |journal=Annual Review |volume=27 |pages=57-81}}</ref> This is when the [[Resources for the Future]] (RFF) was established in Washington, D.C. This independent research organization applied economics to environmental issues.<ref name=":2" /> During this time [[H. Scott Gordon]] released his paper "Economic Theory of a Common Property Resource: The Fishery" which claimed that open access fisheries can be exploited leading to economic rents to be dissipated.<ref name=":2" /> Another important paper adding to environmental economics at this time was "Spaceship Earth" by [[Kenneth E. Boulding]].<ref name=":2" /> This paper describes the physical limits of earths resources and how technology cannot truly help humans push those limits.<ref name=":2" /> Finally, [[Ronald Coase]] created an economic solution to environmental issues, which solidified environmental economics as a sub field of economics.<ref name=":2" /> He believed that there were 2 solutions 1) to tax the creator of the polluter and to create regulation that put the burden of action on the polluter or 2) the sufferer must pay the polluter to not pollute.<ref name=":2" />