Global Problems as Seen by Environmental Economics
AbstractThe conventional view of the sustainability of social development is based on the works of the Roman Club, particularly the book "The Limits to Growth" by Donella Meadows and her colleagues (1972). In their opinion, the human population and economy are depleting the wealth of the Earth and pollutants and wastes are burdening the environment. However, the concern that mineral resources will be depleted is unsubstantiated. Environmental economics argues that a higher number of people and a higher income make resources scarcer on a short-term basis. For investors and entrepreneurs, higher prices represent an opportunity and an incentive to search for solutions. Many of them will not succeed in this search and they will bear the costs on their own. However, in a free society, the solutions are eventually found. And in the long run, we are better off thanks to the new discoveries than if the original problems had never occurred.
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Bibliographic InfoArticle provided by University of Economics, Prague in its journal Politická ekonomie.
Volume (Year): 2013 (2013)
Issue (Month): 3 ()
Postal: Redakce Politické ekonomie, Vysoká škola ekonomická, nám. W. Churchilla 4, 130 67 Praha 3
Find related papers by JEL classification:
- F64 - International Economics - - Economic Impacts of Globalization - - - Environment
- K32 - Law and Economics - - Other Substantive Areas of Law - - - Environmental, Health, and Safety Law
- N50 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - General, International, or Comparative
- Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
- Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
- Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
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