Journal article
Why Does Market Capitalism Fail to Deliver a Sustainable Environment and Greater Equality of Incomes?
- Abstract:
-
I argue that free-market capitalist economies are biased against inventing/using green technology and against supplying the basic needs of the poor. With no mechanism for setting globally optimal prices for non-renewables, entrepreneurs choose labour-saving resource-intensive production methods. Further pressure on labour costs comes from finite individual lifetimes combined with rising access to goods. R&D; creates technologies/products geared to saving worker and consumer time, instead ...
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Bibliographic Details
- Journal:
- Cambridge Journal of Economics
- Volume:
- 29
- Publication date:
- 2005-01-01
- ISSN:
-
0309-166X
Item Description
- Language:
- English
- UUID:
-
uuid:61d0c542-8603-4c4a-86b6-1317241f523b
- Local pid:
- oai:economics.ouls.ox.ac.uk:10365
- Deposit date:
- 2011-08-16
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- Copyright date:
- 2005
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