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

Collapse abstract

Metrics

---