Scarcity and environmental disaster: Why Hotelling's price theory doesn't apply

Capitalism, Nature, Socialism

Volumn 18, Issue 1, 2007, Pages 81-98

  Perelman, Michael ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

DISASTER; ECONOMIC IMPACT; ECONOMIC THEORY; PRICE DYNAMICS; RESOURCE SCARCITY; THEORETICAL STUDY;

EID: 34250887074     PISSN: 10455752     EISSN: 15483290     Source Type: Journal    
DOI: 10.1080/10455750601164659     Document Type: Article

References (60)

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2. Ibid.
3. Harold J. Barnett and Chandler Morse, Scarcity and Growth: The Economics of Natural Resource Availability (Baltimore: Johns Hopkins Press, 1963).
4. Richard B. Norgaard, "Resource Scarcity and New Technology in U.S. Petroleum Development," Natural Resources Journal, Vol. 15, No. 2, April, 1975, pp. 265-82.
5. Walter B. Wriston, Risk and Other Four-Letter Words (New York: Harper & Row, 1986), pp. 142-43.
6. Karen Charman, "Brave Nuclear World? First of Two Parts," World Watch, May/June 2006a, pp. 26-31.
7. Ibid.
8. and Karen Charman, "Brave Nuclear World? Radiation, Reliability, Reprocessing - and Redundancy, Second of Two Parts," World Watch, July/August 2006b, pp. 12-18.
9. Charman, 2006a, op. cit.
10. Charman, 2006b, op. cit.
11. Charman, 2006a, op. cit.
12. Ibid.
13. Hotelling, 1931, op. cit.
14. Randolph S. Churchill, Winston S. Churchill, Vol. 2: Young Statesman 1901-1914 (Boston: Houghton Mifflin, 1967).
15. Clive Ponting, Churchill (London: Sinclair-Stevenson, 1994), p. 132.
16. William Stanley Jevons, The Coal Question: An Inquiry Concerning the Progress of the Nation, and the Probable Exhaustion of Our Coal-Mines 3rd ed. (London: Macmillan, 1906), p. 152 ff;
17. see also Mathias Binswanger, "Technological Progress and Sustainable Development: What About the Rebound Effect?" Ecological Economics, Vol. 36, No. 1, January, 2001, pp. 119-32.
18. John Maynard Keynes, "William Stanley Jevons," [1936a] Essays in Biography, Vol. 10, Collected Works, ed. Donald Moggridge (London: Macmillan, 1972), pp. 109-60.
19. John Maynard Keynes, The General Theory of Employment, Interest and Money (New York: Macmillan, 1936b), p. 106.
20. William Stanley Jevons, The Theory of Political Economy [1871] (Baltimore: Penguin, 1970).
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22. Joseph Townsend, "A Dissertation on the Poor Laws by a Well Wisher to Mankind," [1786], in A Select Collection of Scarce and Valuable Economic Tracts, ed. John Ramsay McCulloch (New York: Augustus M. Kelley, 1966), p. 442.
23. William Temple, Essay on Trade and Commerce (London: Edward Gellibrand, 1770), p. 266
24. see also Edgar Furniss, The Position of the Laborer in a System of Nationalism (New York: Augustus M. Kelley, 1965), pp. 114-15.
25. Maurice Cranston, John Locke: A Biography (New York: Macmillan, 1957), p. 425.
26. See the insightful analysis in Martin J. Sklar, "Some Political and Cultural Consequences of the Disaccumulation of Capital: Origins of Postindustrial Development in the 1920s," in The United States as a Developing Country: Studies in U.S. History in the Progressive Era in the 1920s (Cambridge: Cambridge University Press, 1992), pp. 143-96.
27. Sam Schurr, "Energy Efficiency and Productive Efficiency: Some Thoughts Based on American Experience," The Energy Journal, Vol. 3, No. 3, 1982, pp. 3-14.
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30. Ibid., p. 631.
31. Robert C. Allen and Ian Keay, "The First Great Whale Extinction: The End of the Bowhead Whale in the Eastern Arctic," Explorations in Economic History, Vol. 38, No. 4, October, 2001, pp. 448-77.
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34. T.N. Carver, Historical Sketch of American Agriculture (Mimeograph), borrowed from State University of New York at Binghamton, n.d., pp. 90, 95.
35. Lewis C. Gray, History of Agriculture in the Southern United States to 1860 [1933] (Gloucester, MA: Peter Smith, 1958), p. 446.
36. James F.W. Johnston, Notes on North America: Agricultural, Economical and Social, 2 vols. (Edinburgh: William Blackwood and Sons, 1851), p. 162
37. cited in Paul W. Gates, The Farmer's Age: Agriculture, 1815-1860 (New York: Harper and Row, 1960), p. 400.
38. Warren C. Scoville, "Did Colonial Farmers 'Waste' Our Land?" Southern Economic Journal, Vol. 20, No. 2, October, 1953, p. 178.
39. Warren C. Scoville, "Rejoinder," Southern Economic Journal, Vol. 21, No. 1, July, 1954, p. 93.
40. Jimmy M. Skaggs, The Great Guano Rush: Entrepreneurs and American Overseas Expansion (New York: St. Martin's Press, 1994), p. 3
41. citing John S. Skinner, "Guano, A Celebrated Manure Used in South America," American Farmer, Vol. 6, December 24, 1824, pp. 316-17.
42. John Bellamy Foster, "The Crisis of the Earth: Marx's Theory of Ecological Sustainability as a Nature-Imposed Necessity for Human Production," Organization and Environment, Vol. 10, No. 3, September, 1997, pp. 278-295.
43. Vaclav Smil, Enriching the Earth: Fritz Haber, Carl Bosch, and the Transformation of World Food Production (Cambridge, MA: MIT Press, 2001), p. xiii.
44. David Pimentel, Edward L. Skidmore, and Stanley W. Trimble, "Letter: Rates of Soil Erosion," Science, Vol. 286, No. 5444, November 19, 1999, p. 1477.
45. Gardner M. Brown, Jr., "Valuation of Genetic Resources" in Gordon H. Orians, et al. (eds.), The Preservation and Valuation of Biological Resources (Seattle: University of Washington Press, 1990), p. 212.
46. Jennifer Price, Flight Maps: Adventures with Nature in Modern America (New York: Basic Books, 1999), p. 1
47. citing Alexander Wilson, American Ornithology, Vol. 2 (London: Whittaker, Treacher, and Arnot, 1832), pp. 201-204.
48. Price, op. cit., p. 3.
49. Theodore Steinberg, Down to Earth: Nature's Role in American History (Oxford: Oxford University Press, 2002), p. 67
50. citing David R. Foster, Thoreau's Country: Journey Through a Transformed Landscape (Cambridge, MA: Harvard University Press, 1999), p. 167.
51. James Allen Tober, Who Owns the Wildlife?: The Political Economy of Conservation in Nineteenth-Century America (Westport, CT: Greenwood Press, 1981), p. 94.
52. Ibid., p. 95.
53. Ibid., p. 96
54. citing H.B. Roney, "Efforts to Check the Slaughter." in W.B. Mershon (ed.), The Passenger Pigeon (New York: The Outing Publishing Company, 1907), p. 92.
55. Stephen J. Gould, Eight Little Piggies: Reflections in Natural History (New York: Norton, 1993),p.54
56. Cited in Tober, 1981, op. cit., p. 94
57. Price, op. cit., p. 48.
58. Gardner M. Brown, Jr. and Barry C. Field, "Implications of Alternative Measures of Natural Resource Scarcity," Journal of Political Economy Vol. 86, No. 2, Part 1, April, 1978, pp. 241.
59. Brown, 1990, op. cit., p. 212.
60. Nicholas Georgescu-Roegan, The Entropy Law and the Economic Process (Cambridge, MA: Harvard University Press, 1971).