Search

Search Results

• 1. [Article] The Perfect Spill: Solutions for Averting the Next Deepwater Horizon

  In this article the authors comment on the oil spill incident from the Deepwater Horizon, particularly on its economic and ecological damages. The authors highlighted the disaster as an event wherein much ...

  Citation × Citation Citation Abstract Copy Title: The Perfect Spill: Solutions for Averting the Next Deepwater Horizon Author: Costanza, Robert, Batker, David, Day, John W., Feagin, Rusty A., Martinez, M. Luisa, Roman, Joe Year: 2010 In this article the authors comment on the oil spill incident from the Deepwater Horizon, particularly on its economic and ecological damages. The authors highlighted the disaster as an event wherein much is needed to be learned so that future oil spills can be avoided. One lesson refers to the valuability of natural capital assets and other public entities that are at risks due to private interests and that better regulations and incentives are needed to protect these assets against risks. Title: The Perfect Spill: Solutions for Averting the Next Deepwater Horizon Author: Costanza, Robert, Batker, David, Day, John W., Feagin, Rusty A., Martinez, M. Luisa, Roman, Joe Year: 2010 In this article the authors comment on the oil spill incident from the Deepwater Horizon, particularly on its economic and ecological damages. The authors highlighted the disaster as an event wherein much is needed to be learned so that future oil spills can be avoided. One lesson refers to the valuability of natural capital assets and other public entities that are at risks due to private interests and that better regulations and incentives are needed to protect these assets against risks. Close

• 2. [Article] Toward a new sustainable economy

  The current financial meltdown is the result of under-regulated markets built on an ideology of free market capitalism and unlimited economic growth. The fundamental problem is that the underlying assumptions ...

  Citation × Citation Citation Abstract Copy Title: Toward a new sustainable economy Author: Costanza, Robert Year: 2009 The current financial meltdown is the result of under-regulated markets built on an ideology of free market capitalism and unlimited economic growth. The fundamental problem is that the underlying assumptions of this ideology are not consistent with what we now know about the real state of the world. The financial world is, in essence, a set of markers for goods, services, and risks in the real world and when those markers are allowed to deviate too far from reality, ?adjustments? must ultimately follow and crisis and panic can ensue. To solve this and future financial crisis requires that we reconnect the markers with reality. What are our real assets and how valuable are they? To do this requires both a new vision of what the economy is and what it is for, proper and comprehensive accounting of real assets, and new institutions that use the market in its proper role of servant rather than master. Title: Toward a new sustainable economy Author: Costanza, Robert Year: 2009 The current financial meltdown is the result of under-regulated markets built on an ideology of free market capitalism and unlimited economic growth. The fundamental problem is that the underlying assumptions of this ideology are not consistent with what we now know about the real state of the world. The financial world is, in essence, a set of markers for goods, services, and risks in the real world and when those markers are allowed to deviate too far from reality, ?adjustments? must ultimately follow and crisis and panic can ensue. To solve this and future financial crisis requires that we reconnect the markers with reality. What are our real assets and how valuable are they? To do this requires both a new vision of what the economy is and what it is for, proper and comprehensive accounting of real assets, and new institutions that use the market in its proper role of servant rather than master. Close