ECON-2086EL Chapter Notes - Chapter 7: Soil Retrogression And Degradation, Green Economy
22 Nov 2017
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This chapter was written with the intent of understanding the externalities and negative impacts it has on the environment, society, and the future. Introducing microeconomic analysis: issues, questions, and competing views which was also written in part by hassan bougrine. This chapter relates here because it deals with the neoclassical and post-keynesian view of negative externalities, pollution, and environmental impact. Dr. bougrine starts out in chapter 7 discussing the move away from horse-drawn carriages and animal powered tools to the methods found by way of steam and coal. However, coal was very dirty and pollution was caused but it was used due to how efficient and effective it was as a fuel for the industrial revolutions. Pollution was ignored as the societies were hungry for energy and coal was a great source to provide it for them. Even though, we know now, that coal is so heavily damaging to the environment it causes deaths of humans, animals, and plant life.
