AGRON 342 Lecture Notes - Lecture 13: Natural Capital, Free Trade, Comparative Advantage
14 Feb 2018
School
Department
Course
Professor
Document Summary
Cant reduce such complexity to a matter of hectares. Answer to science objection: footprint analysis may not tell whole story. Is good enough to show us what must be done: footprints may underestimate impact of humans on environment. Are due to poorly defined property rights or prices. Can be useful to reduce environmental damage. Footprint analysis may help determine true costs. Not everything in nature should be privatized or priced. People in different parts of the world should do what they do best. More economically efficient to do what is more ecologically efficient. Grow tomatoes in mexico rath than in greenhouses in canada. Provide little ecological productivity to the world. Not everyone can be a net importer. People using footprint resources far from home. Directs benefits of export activities to those who need them. For hundreds of years people have worried. That we would run out of resources. And lowered prices of goods and services.
