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Subsidize technological changes such as electrical cars and renewable
energy sources
PRO: Can stimulate competition and innovation
CON: Can be costly
Market Efficiency
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, The speed at which new information is reflected in investment prices
suggesting that security prices are reflective of their true value at all times
because publicly available information has driven market prices to the
correct level
Youth Bulge
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Phenomenon in many developing countries. Achieved during the success
of reducing infant mortality as mothers still have high fertility rates.
Cornucopians
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Believes there are no problems humans cannot solve as long as they have
freedom and a free market
Believe that environmental issues can be resolved by the market. Signals
will be sent to the market when issues arise.
Humans are the ultimate resource.
Founder: Julien Simon 1970's - he is against family planning, believes
humans don't want to miss out on potential for geniuses to be born
Current Example: Norman Borlaug
What happened at Easter Island?
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Overused available tree population at unsustainable rate
Overhunted available food sources
Lesson: People overvalue the moment and undervalue the future
Reading: Diamond, Jared. The Lessons of Easter Island.
Preservationism
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Land should only be used for protecting resources.
Protect nature from use (buildings, objects, landscapes)
Phrase coined by Muir
Eliminate human impact altogether
More on the environmental movement of the mid-20th century
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Nixon Administration formed the EPA
The regulation of car emissions was administered