“Are we polluting too much? Yes, if the marginal benefits of reduced pollution (both today and in the future) exceed the marginal costs of reduction.” –Economics and the Environment, Goodstein, pg. 142
My Economics of Resources class has focused on environmental protection for the past several weeks, however, it is vastly different from sustainable environmental decision. As it is an economics class, everything is viewed from the bottom line – will this affect profits? The class places value on how much we can destroy our Earth while keeping a company afloat. Why is this perspective even necessary? We can easily run a company while being sustainable, rather than trying to calculate exactly how much a company can pollute. By supply and demand, if more companies invest in clean, sustainable technology, the cost will go down and eventually, the investments will make the companies more profitable. Above all, our descendants will thank us for not viewing their Earth as waste bin that can be valued and itemized like any other capital.
Catherine Caldwell