GEOG 210 Lecture Notes - Lecture 2: Anthropocentrism, Water Scarcity, Organic Movement
18 Nov 2020
School
Department
Course
Professor
Document Summary
Population growth creates scarcity and environmental problems. Bet that the prices of 5 metals would over 10 years. The prices of 5 metals went down simon won. Julian simon"s increased population would lead to increased human creativity incentivize more efficient use of resources prices actually declined market response model. The exercise demonstrated the market response model. To understand how market respond to resource scarcity causes the price to rise. In demand, facilitated by use of substitution, higher efficiency use, or recycling. In demand and in supply lead to less scarcity and lower prices. Ex. california water scarcity in price in demand in supply when people use less less scarcity reduce the cost. Market environmentalism notion that environmental problems can be solved by the (free) market economy. The use of market-based instruments to internalize environmental externalities. Environmental externalities costs/benefits that are not figured into the price of good or services.
