Enconomic boom causes environmental bust

It has been hard not to think about the economic crisis now gripping the world. After many years of high growth and plenty of boom, but only for the select few, we are now finding that the boom has been unsustainable. The economics of greedy unsustainable growth catches up in the end and we find ourselves having done many things which we can no longer do and buying many things that we can no longer buy. That seems to be the lesson of basic economics; but there is an economics of the environment and its ecology which works in precisely the same way. Continue reading