You Can't Eat GNP: Economics as Though Ecology Mattered
Editorial Reviews
Amazon.com
Eric A. Davidson's engaging and informative book couldn't have come at a more timely moment. In an age when high technology is driving our economy and propelling us further from the ecological system that physically supports us, You Can't Eat GNP sends a loud and urgent message: the economic system will fail if the ecosystem is not carefully managed.
As Davidson explains, the system of neoclassical economics, which governs our economy, assigns value to goods depending on the level at which they're produced and consumed. For example, marketed consumer products like bread hold high value, while bread's main ingredient, flour, holds less. Flour in its unprocessed form, wheat, holds even less value, and the soil from which wheat is grown holds the least worth of all. This triangle has become an exact inversion of the ecologist's pyramid, however, in which soil--which supports the entire ecological system, from plants to herbivores to carnivores--is viewed as the pyramid's stabilizing resource. Davidson argues these opposing models must be integrated in order to preserve the ecological system that sustains our economic system. He doesn't propose a "back to nature" solution, nor does he negate the importance of technological developments stimulated by our present mode of economics. He does, however, agree with R.H. Tawney's observation that "If economic ambitions are good servants, they are bad masters." Davidson examines the environmental effects of rigidly employed economic values such as cost-benefit analysis and considers the inevitable economic effects of global warming, waste disposal, and the failure to pursue sustainability. Though his proposals for change are not extensive, he does offer workable (and sometimes controversial) suggestions for both individual and community action.
An author as well as a respected scientist, Davidson writes in clear, lucid prose, making the sciences of economics and ecology accessible to the nonscientific reader, without dumbing down his arguments. He supports his points with relevant, contemporary examples, highlighting the vital importance of managing the economy in conjunction with the environment. As this intelligent treatise wryly reminds us, no matter how booming the economy, we'll never be able to eat our gross national product. --S. Ketchum
Book Description
An eye-opening look at the ecological foundations of prosperity
In this lively, concise, and hard-hitting book, Eric Davidson makes available to readers the exciting new ideas of ecological economists, who have been revolutionizing and greening the once "dismal science." Redefining economic concepts to allow for the primacy of our water, air, soil, and forests, he reveals the necessary steps to a genuine, rather than illusory, prosperity.
Most estimates of wealth today are based upon gross domestic product, and many economists even see future wealth being created free of the constraints set by natural resources. Eric Davidson, scientist at the famed Woods Hole Research Center, calls such thinking "Marie Antoinette economics" and reveals its grave underlying fallacies. In valuing land or forests, for instance, we tend to discount their future value for our own children; in analyzing costs and benefits, the price of these natural resources upon which we ultimately depend is usually wrong; and damages to these resources are seen as "externalities." Davidson exposes these fallacies and offers a blueprint for a truly sustainable economy.
You Can't Eat GNP: Economics as Though Ecology Mattered
You Can't Eat GNP: Economics as Though Ecology Mattered,Eric A. Davidson,Perseus Books Group,0738202762,Business / Economics / Finance,Development - Sustainable Development,Economic Theory,Economics - Theory,Economics Of Natural Resources (Specific Aspects),Environmental Conservation & Protection - General,Nature,Science/Mathematics
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