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David Allan's Blog – November 2010 Archive (4)
Assume
The operating assumption of 20th Century economics, contrary to what is taught about scarcity with regards to opportunity cost, is that there is an endless abundance of raw materials to feed the perpetual growth engine of the global economy. This assumption is blatantly wrong and we're starting to experience the consequences.
We live on a finite planet that contains a limited amount of renewable and non-renewable resources. No amount of ingenuity can increase the amount of land, rare… Continue
We live on a finite planet that contains a limited amount of renewable and non-renewable resources. No amount of ingenuity can increase the amount of land, rare… Continue
Added by David Allan on November 23, 2010 at 10:57am — 3 Comments
Natural Capital
"Natural capital can be defined as the benefits that accrue to human society from the different species of life that inhabit our world. Classical economics values things by seeing how much someone will pay for them. But this is where classical economics is wrong. What it fails to account for are all the "externalities"-- the services people regard as free goods: pollination services, flood protection, climate regulation, soil stabilization, carbon sequestration. Although immensely valuable,… Continue
Added by David Allan on November 16, 2010 at 2:43pm — 2 Comments
Koan
Standing inside a burning building
Counting pocket change
and wondering what to eat for lunch.
Counting pocket change
and wondering what to eat for lunch.
Added by David Allan on November 10, 2010 at 11:19am — No Comments
Quote of the Day
Don't be realistic! The powers that be in the media, politics and economics define "realism." The most important changes in our country have come about because people were willing to fight for what everyone supposedly knew to be "unrealistic" (e.g. ending segregation, ending ten thousand years of unchallenged male supremacy and sexism, legitimating gay and lesbian lives, building an environmental movement, and the list goes on).
Added by David Allan on November 3, 2010 at 6:28pm — 1 Comment
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