Tuesday, November 16, 2004

A wee bit about sensible economics:
Industry and markets founding their costings which do not include social aspects of our society are surely doomed to failure. Should we not encourage sensible economics and sensible accounting practices to factor in these very important areas?

Surely it is up to us, the people who can change this.
Surely we *should* be factoring in costs which will affect our children and future generations?

As it is just now, they have no baring on current costing models, the cost of increasing pollution in the environment which could increase deaths of our children have no current value and so are irrellevant. Is this not wrong?
We have the principle of opportunity costs, can they not include social costs and future enviromental costs?


Adbusters have an interesting piece*:
"A new paradigm is waiting in the wings, one that values nature flows and money flows equally. One that addresses the social and environmental costs of the current model."


*http://adbusters.org/metas/eco/truecosteconomics/neoclassical.html


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