ENVS 2400 Chapter Notes - Chapter 7-8: Environmental Policy

• School: York University
• Department: Environmental Studies
• Course: ENVS 2400
• Professor: Myles Wieselman

Document Summary

Reading log 7 material concerns: chapters 7-9 . There are really only two central arguments surrounding economic growth. The economic system that has been developed needs growth in order to ensure its own economic stability. In addition to, economic growth in a given country is associated (in principle) with increased welfare in the population. Labour productivity characterizes the rise of capitalism, which in turn is generally the increase in the amount of output per worker. Thus, as far as a nation can maintain full employment, this pursuit for improved labour productivity means that economic output increases. The issue of unemployment seems to be very complex in relation to economic growth and sustainability. According to chapter 9, economic theory identifies a certain natural rate of unemployment (jackson 162). Therefore, the government is forced to make more money in order to stimulate new investment and generate new demand, which in turn lowers a given country"s dollar" or currency".