ENV100H1 Lecture Notes - Job Guarantee, Nature Publishing Group, Gross Domestic Product

• School: UTSG
• Department: School of Environment
• Course: ENV100H1
• Professor: Stephen Scharper

Document Summary

: a review of the issues and an answer in the affirmative. annals of the new york academy of sciences. The lawn reading is a bit difficult because he is so caught up in the debate over whether we can have a steady-state economy and still be capitalist. Accordingly, i have added below a short reading from victor (2010) which i hope you will find useful. The debate is important, however, because as lawn points out the solution is far more likely to be accepted if it is seen as still being capitalist. 1 improve the product and sell same quantity at a higher price; if profit is increased to produce the same quantity at a lower cost, through increased efficiency (less material. 10% due to higher sale price, and same quantity is sold, profit doubles and/or labour needed to produce the product); same quantity sold, at same price, but profit increases from 5% to 10% so total profit increases.