Loss of Nonrenewable Resources is not the End of the World
Weitzman says that current income need be adjusted downward by 1 percent at most to account for the loss of exhaustible resources. In a finite world, the conventional wisdom tells us that we shall eventually run out of nonrenewable resources, such as crude oil, iron ore, and bauxite. And long before exhaustion actually takes place,Continue reading "Loss of Nonrenewable Resources is not the End of the World"
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