GEOG203 Chapter Notes - Chapter 3: Ecosystem Services, Greenwashing, Monopsony
10 Oct 2016
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Chapter 3 examines the ways that environmental problems are conceived and addressed using a market-oriented perspective and its respective solutions. Support for and critiques of market environmentalism will be addressed. A cornucopian population theorist named julian simon challenged neo-malthusian population theorist. Paul ehrlich to a bet in 1980 (see chapter 2 for population theories): as a neo-malthusian, ehrlich believed that population growth was the primary cause of environmental crises. If they rose, it was because population increased demand for these metals and therefore their scarcity. Perhaps the scope of the bet was limited, but the possibility for humans to alter outcomes of population growth was established as was the utility of price as an incentive. Increase of supply by expanding extraction efforts that were not profitable when prices were lower. Market failures occur when there is a mismatch in economic theory and the real world.
