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UMass Economics

Folbre: Transparency necessary, but not sufficient, when regulating toxics

Nancy Folbre

Nancy Folbre, UMass Amherst economics professor, writes a column about how regulating toxic financial assets is similar to regulating toxic chemicals, and notes that in the case of the latter, current laws aren’t doing a very good job of protecting the public. She cites work done at the Political Economy Research Institute at UMass Amherst that publishes a list of top polluters each year as a way to make the critical information available and understandable. Overall, she concludes that transparency is a good thing, but isn’t always the best way to control toxic substances or assets. (New York Times, 5/3/10)

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