I am currently trying to wrap my head around this legislative beast, Cap ‘n’ Trade. I first forayed into Wikipedia and learned the very basics of cap and trade theory: A central authority (usually a governmental body) sets a limit or cap on the amount of a pollutant that can be emitted. Companies or other groups are [...]
Archive for the ‘Environmental Economics’ Category
15 Nov
Joseph Stiglitz Speaking Out – Problems with GDP
I’ve already read a few things on this topic, so I’m confident in Joseph Stiglitz, not counting the fact that he’s a Nobel prize-winning economist. Some essential problems with GDP are that it does not question social livelihood and it does not take into account depletion of natural resources. The most simple example Stiglitz gave [...]
