Coase Colored Glasses

Thursday, February 17, 2005

The ironic affect of emotionless economists.

Economists are unique people, no offense Randy. The ideas they propose to integrate markets into every day life can seem somewhat heartless. Yet, those proposed plans essentially not only solve the problems but increase the lifestyles of those involved as well. We live in a world of skeptics. In 1980 The Global 2000 Report to the President of the U.S. stated that “if presents trends continue, the world in 2000 will be more crowded, more polluted, less stable ecologically, and more vulnerable to disruption than the world we live in now.” What this doomsday report failed to mention was the ingenuity individual have when they are able to be creative in a free market society. 15 years later in The State of Humanity, Julian Simon, with the help of more than fifty scholars, would find that “our species is better off in just about every measurable way.”
Studies show that life expectancy and food production have increased and infant mortality has declined. So what accounts for this phenomenon. Well, in You have to Admit it’s Getting Better, Indur M. Goklany credits economic freedom. He writes, “Analysis indicates that the more economically free a country’s population, the higher its economic growth” (65).
So in my opinion, we should side with the crass economists and send poorer countries our trash. Industrialization leads to better economies, better life styles, and a better way of life. So even if it sounds politically incorrect, harsh or brash, economists aren’t really that heartless. Eventually those “outrageous ideas” come full circle and enhance rather than impair other countries inhabitants.

1 Comments:

At 11:31 AM, Blogger Casey said...

I beleive people think alot about dumping junk on everyone else, but won't say it outloud. Like the exit polls how people lied and said Kerry when they voted for Bush, for some reason people felt bad about it to tell others. We all want hassles to be taken care of so that we face few externalities when its gone. But people often feel that it is viewed as wrong and feel guilty. Because these policy's would be open to the public we say they are wrong but kinda feel they are the right thing just do want the social guilt it may cause.

 

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