Wednesday, September 26, 2012

The way we were

"while markets can and do fail, society does not intervene to correct market failure.” -Mark Sagoff

It’s exam day– see my general study advice *below, students– but we’re also talking markets & growth in EEA. I’ve asked everyone to identify highlights.

One, for me, is the quote of Amory and Hunter Lovins and Paul Hawken from Natural Capitalism: “Markets are only tools. They make a good servant but a bad master and a worse religion.”

Another, from Frank Ackerman and Lisa Heinzerling: “human life, health, and nature cannot be described meaningfully in monetary terms… market values tell us little about the social values at stake.”

And how about this dated howler: “Mark Sagoff has noted that while markets can and do fail, society does not intervene to correct market failure.”

And then, of course, the infamous classic Limits to Growth.   Jonathan Franzen said it succinctly, in Freedom: “too many damn people on the planet."


Right. Last one to leave, please turn out the lights.
Franzen’s Freedom, btw, has much to say about environmentalism vs. market-driven capitalist consumerism. Much that’s sad, funny, and true. If there aren’t too many of us yet, there certainly are too many of us eager to remove mountaintops and frack the hell out of our interior...


Up@dawn

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