15_EconomicpolicySp2008

15_EconomicpolicySp2008 - Geography 1000 Lecture 15: Market...

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1 Lecture 15: Market Economics and Ubiquitous Goods Spring 2008 Geography 1000 Terms and Questions for Unity of Mind well at least same page for the test!) ( What percentage of US municipal waste is deposited in landfills? p. 466 What percentage of US municipal waste is recycled? p. 466 PETE and HDPE types p. 477-478 MRFs and Nantucket case study p. 479 The production of goods is based on Land, Labor, and Capital Logically, all goods are combinations of “land” (resources --ubiquitous and owned), “labor” (skilled, unskilled) and “capital” (representing not only money, but importantly for the US, technology as well as transport, security, and all that money can “create”). BUT there are also “so called FREE goods”.
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2 And a few more for Chapter 19 Types of POPs p. 485 (goes with handout) Two groups of non-degradable chemicals; p. 488-489 Cuyahoga River story p. 491 Sources of deadly organic chlorides p. 489 Love Canal story p. 495 CERCLA and "Superfund" sites p. 496 Please know some(3) of the superfund sites in Kalamazoo County --handout Brownfield Act of 2002 p. 499 Environmental justice and Hazardous Wastes p. 503 Emelle, AL story p. 503 Ubiquitous Goods Initially considered by economists to include so called “free goods” --air , water, public land, oceans, and all raw materials which can be used without cost (sand to make glass). Later economists recognize pollution in public waterways, in oceans, and the atmosphere are also “free” to producers (heat releases to lakes and rivers). . In Market Economics, “Ownership” affords some protection! Don’t kill the chicken which lays the golden egg. (Well, frankly, I couln’t find a goose)
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3 Greg’s House “Village” Commons Robin’s house It’s not my grass, Man ! We’d be nuts to feed Bessy at home. So I say “go for it”! Herman Daly Classical economic training author of several best selling books taught at several universities including Louisiana State University currently employed as an economist at the World Bank BUT spends much of his time criticizing classical economics
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4 Steady-State Economics Herman Daly published this book in 1977 The fundamental idea, “enough is best” was radical at the time, now it is accepted as the very key to “sustainable development”. The basic question is IF the capitalist view of economic systems predicated on growth will bring disaster to all of us, not just the poor and poor nations. BUT CAN capitalism can be “re - invented”? Daly compares 3 perspectives Economic Imperialism Ecological Reductionism Steady-State Maintenance of the ecological-economic system
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5 Economic Imperialism Economy Solar energy Heat Resource Use is not controlled ECOLOGICAL REDUCTIONISM ECONOMY Solar Energy Heat Let’s Pretend the growth of the economy is NOT related to the environment Here’s the pickle………. Herman Daly’s BIG Question….Can the
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This note was uploaded on 04/06/2008 for the course GEOG 1000 taught by Professor Veeck during the Spring '08 term at Western Michigan.

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15_EconomicpolicySp2008 - Geography 1000 Lecture 15: Market...

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