Global Problems as Seen by Environmental Economics
The 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.
Volume (Year): 2013 (2013)
Issue (Month): 3 ()
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