284 Actually, it does not See the review of environmental regulation by Eban Goodstein, Jobs and the Environment: The Myth of a National Trade-Off (Washington, D.C.: Economic Policy Institute, 1994). Also see Michael Porter and C. Van der Linde, “Toward a New Conception of the Environment-Competitiveness Relationship,” Journal of Economic Perspectives 9, no. 4 (1995): 97–118. Porter and Van der Linde argue that properly designed environmental regulations could lead to so much innovation they could completely offset costs of compliance. For a recent review of the literature, see John Irons
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