MGMT 1005H Lecture Notes - Lecture 20: Opportunity Cost, Distributive Justice
Document Summary
Pollution air pollution, water pollution, land pollution (mostly visible) Depletion isn"t immediately noticeable (not face to face with fossil fuels/minerals) Harder from psychological distance effect to realize effect of depletion. Ecological ethics: nonhuman parts of the environment deserve to be preserved for their own sake (utilitarian and rights arguments) Human right to a livable environment: human right to clean air, pure water, preservation of scenic, historical, aesthetic values (blackstone) free from impact of modern technology. Social ecology: environmental crises rooted in social systems of hierarchy and domination, result of pattern of domination of nature tightly linked to social practices. Market defects: pollution is a hidden cost that must be accounted for. Private costs: out of pocket costs for activity. Social costs: out of pocket costs plus externalities. Costs of pollution can violate justice/fairness (benefits/burdens on communities) Conservation: saving or rationing natural resources for later uses (utilitarian) Rawls just savings principle, obilitation to future people (intergenerational distributive justice)
