Word: externalitiesã
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Dates: during 2006-2006
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This is not to say—following classical economic thought on externalities??that conventional farmers should be taxed and organic farmers subsidized. That (and current subsides for conventional farmers) is the subject of another discussion. Rather, people, beginning with students at Harvard, should reconsider the hidden economic consequences of their dinner choices. Maybe then, even the prospective investment banker and economics concentrator can become a fan of the organic banana...
...wellness. But in the cases of most Harvard students, a moderate level of depression is not surprising. Harvard students are determined, and they have an investment in success—apart from the $40,000-a-year one. The byproduct of their ambition is an unavoidable lump of negative externalities??downsizing of relationships, severe aspirations, spending a great deal of time studying in the dark corners of Widener, and stress in general. Ultimately, these unfortunate aspects can be, and usually are, outweighed by benefits. The heights of human achievement—music, literature, scholarship: think Nobel prizes?...
...reserved his outrage for the field of economics. “Economics is not a science,” he said. “[It is] a set of values posing as science.” Suzuki said the practice of renaming the natural world as “externalities?? is the root of the disconnect between modern society and the environment. The “mindless commitment” to infinite economic growth, he said, does not correspond with finite “natural capital.” Suzuki also reflected upon the change in Homo sapiens...
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