Pollution in the Delaware River results largely from the dense population that resides along its banks. Below is some brief information to to help us understand why pollution is an economic problem, especially pollution in the Delaware.
Most environmental problems are the result of economic activity and are economic problems. Environmental problems can be solved if economic activity is channeled in ways that are environmentally safe. Otherwise, any attempt to resolve environmental problems is pointless.
Environmental resources have 4 valuable functions with positive economic value, if they could be purchased and sold in the market place.
1. supplies natural resources that are used as inputs in the production of economic goods and services
2. serves as a potential receptor of wastes generated by production and consumption activities. However, the environment has a limited capacity for these wastes.
3. contributes fresh water and food necessary to sustain life and provides other life-support functions suitable for life.
4. provides direct amenities that enhance human enjoyment, education, and spiritual well-being
Subscribe to:
Post Comments (Atom)
I have always thought that the so called 'public goods' in economics are abused by individuals and corporations. Eventually the negative effects of that abuse catch up with those using these public goods. If the government could establish linkages and norms that are far reaching (and not reactive or piecemeal) in order to make the polluter pay - so to say and pay the full price then the economics of saving the environment ought to work out.
ReplyDelete