Journal article icon

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 ...

Expand abstract

Actions


Authors


Christine Greenhalgh More by this author
Journal:
Cambridge Journal of Economics
Volume:
29
Publication date:
2005
URN:
uuid:61d0c542-8603-4c4a-86b6-1317241f523b
Local pid:
oai:economics.ouls.ox.ac.uk:10365
Language:
English

Terms of use


Metrics



If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP