Attention Economy


Saturday, April 9, 2016

Natural Capital – Identifying the Economic Value of Nature’s Bounty

An excellent piece from Der Spiegel that highlights economic concepts such as negative externalities and natural capital:
“The prices of bananas, beef, bread and other foodstuffs are determined primarily by supply and demand -- and sometimes by subsidies, quotas and price speculation. But the prices do not include contributions made by nature. These contributions include such things as the use of clean water or fertile farmland. Harmful chemicals, gases or polluting particles emitted during production are likewise not factored into the price, neither for producers nor consumers.”