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The Commons
Spiking Eco-Economics
Posted by Jonathan H. Adler  ·  22 December 2004  ·  Precautionary Principle

Daniel Ben-Ami takes on environmental economics with a vengeance:

One of the most striking but least noticed aspects of the rise of environmentalism is the way that it has helped to redefine economics. Economic production and consumption are viewed in a fundamentally different way than they were before environmentalism became central to the dominant worldview. . . .

This development isn't just important at the level of ideas. A gloomy view of economic development plays an important role in holding back human potential. At its starkest, the acceptance of the idea that economic growth has to be curtailed is a tragedy in a world where billions of people still live in dire poverty. . . .

There is environmentalist confusion between the mastery over nature and the destruction of nature. Control over nature means reshaping the natural world to meet human needs - for example, developing medicines to fight against disease or building dams to prevent flooding or generate electricity. This is not the same as destroying rain forests or making animal species extinct. . . .

Nature has sometimes been destroyed as a side-effect of economic growth. But the aim of economic development is to benefit humanity rather than to destroy the natural world. It is important to remember that richer societies are in a much stronger position to create a positive environment for human beings than poor ones.

The remainder of this essay will examine the key tenets of environmentalist economics in more detail. It will argue that, in addition to being undesirable, the environmentalist worldview is based on fatally flawed assumptions.

Hat tip: Hit & Run.

Comments
  1. Much of the gloom results from the undoubted poor quality of life for many millions. Often ignored is that economic growth has raised the quantity of human life enormously. Some probably choose to trade off quality of life for more offspring. Many others - mainly, I think, women in the third world - are given little choice and opportunity to make that choice. Bigger families are the result.

    Posted by: Ronnie Horesh at December 23, 2004 05:44 AM