Search Results for: externalities

The Invisible Hand (Never Picks Up the Check)

Raise your hand if this has ever happened to you. You’re telling someone about some problem the world is facing, whether it’s global warming, animal cruelty in factory farms, sweatshop laborΒ conditions, polluted rivers, e-waste, or some public health epidemic like diabetes, heart disease, cancer or obesity. In your mind, it’s clear as day: the cause

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Free Market Economies Require an Accurate Price for CO2 Emissions

It’s rather surprising that in a nation that prides itself on being based on a free market economy, there is not a national model for accurate pricing of CO2 emissions, which would roll some of the externalities of doing business, such as the release of greenhouse gases, into the cost of doing business. When taken

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Should We Put a Price on Nature to Save it?

The first World Forum on Natural Capital was held in Edinburgh, Scotland last November. This comes at a time when there is increasing interest in the idea that we need to place a value on the services that nature provides us with for free if we are to prevent further environmental degradation. The conference attracted

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The Power to Change the Economy from Within

When we look at how our market economy affects the environment, it appears that all common sense goes out the window. According to the prevailing economic wisdom, it makes perfect sense for us to clear vast swathes of tropical rainforest to make way for oil palm plantations and soya beans, to pursue the last few

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