What kind of economist favors adjusting existing economic policies and tools to be more environmentally beneficial over inventing all-new policies and tools?

Question

What kind of economist favors adjusting existing economic policies and tools to be more environmentally beneficial over inventing all-new policies and tools?​

Quizplus · Accepted Answer

Environmental economists typically favor adjusting existing policies and tools to be more environmentally beneficial, rather than creating entirely new policies and tools. They often use cost-benefit analysis to determine the optimal level of environmental protection that balances the benefits of environmental improvement with the costs of implementing policies.

What Kind of Economist Favors Adjusting Existing Economic Policies and Tools