Comments on: Vindicating the Word “Economic” http://www.TheTransactionCompany.com/blog/vindicating-economic/ Organise your business with monetary transactions Mon, 06 Sep 2010 10:00:29 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Ron Davison http://www.TheTransactionCompany.com/blog/vindicating-economic/comment-page-1/#comment-216 Ron Davison Mon, 26 Nov 2007 17:04:40 +0000 http://www.TheTransactionCompany.com/2007/11/18/vindicating-the-word-economic/#comment-216 Hello Vladimir. I think that there are two elements to this. One, economic and ecological have been in conflict. Two, at the proper discount rate, a forest in 100 years has a value of zero - a perfectly rational conclusion to make economically and an absurd one to make ecologically. I think that this can be addressed. Ultimately, I think this is where you're going, there is sufficient demand for a beautiful habitat and biodiversity, stable climate, etc., that economics and ecology can get along, but it's going to take some changes to put those two in harmony. Hello Vladimir.

I think that there are two elements to this. One, economic and ecological have been in conflict. Two, at the proper discount rate, a forest in 100 years has a value of zero - a perfectly rational conclusion to make economically and an absurd one to make ecologically.
I think that this can be addressed. Ultimately, I think this is where you’re going, there is sufficient demand for a beautiful habitat and biodiversity, stable climate, etc., that economics and ecology can get along, but it’s going to take some changes to put those two in harmony.

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