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You Can't Eat GNP: Economics as if Ecology Mattered

You Can't Eat GNP: Economics as if Ecology Mattered


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In this lively, concise, and hard-hitting book, Eric Davidson makes available to readers the exciting new ideas of ecological economists, who have been revolutionizing and greening the once "dismal science." Redefining economic concepts to allow for the primacy of our water, air, soil, and forests, he reveals the necessary steps to a genuine, rather than illusory, prosperity. Most estimates of wealth today are based upon gross domestic product, and many economists even see future wealth being created free of the constraints set by natural resources. Eric Davidson, scientist at the famed Woods Hole Research Center, calls such thinking "Marie Antoinette economics" and reveals its grave underlying fallacies. In valuing land or forests, for instance, we tend to discount their future value for our own children; in analyzing costs and benefits, the price of these natural resources upon which we ultimately depend is usually wrong; and damages to these resources are seen as "externalities." Davidson exposes these fallacies and offers a blueprint for a truly sustainable economy.

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Product Details

ISBN-13: 9780738204871
Publisher: Basic Books
Publication date: 04/28/2001
Series: A Merloyd Lawrence Book Series
Pages: 272
Product dimensions: 5.50(w) x 8.40(h) x 0.80(d)
Lexile: 1490L (what's this?)

About the Author

Eric A. Davidson, Ph.D. is a senior scientist at the Woods Hole Research Center.

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