Eco-Economy
Eco-economic theory calls for harmony between our economy and natural resources. Our current, untenable, profit-focused economic model, says Brown (Building a Sustainable Society), depletes forests, oil, farmland, topsoil, water, atmosphere and species beyond a sustainable level. Brown, founding director of the Earth Policy Institute, uses the Sumerians as an antimodel: as the land was overworked, water sources eventually disappeared. And he uses forestry as a counterexample: forests secure land and store water, acting as natural dams. Logging delivers paychecks, but doesn't consider flood damage from tree loss. Eco-economists would say that the logger and the town, while temporarily profiting, pay more in the end in rising insurance costs, flood damage to homes and infrastructure, increased taxes and disaster relief funds. The goal, presented here in convincing detail, is to design a profitable economy that accurately reflects the social cost of abuse of resources. Brown suggests shifting "taxes from income to environmentally destructive activities, such as carbon emissions." Individuals and towns should receive tax breaks for deploying solar and wind-generated power. However receptive to Brown's excellent, sophisticated proposals, many readers will wonder how they can become reality; for eco-economics to work, all world leaders would need to agree on what makes practices environmentally unsound. (Nov. 5)Forecast: In light of the current administration's poor reputation for eco-concern and its withdrawal from the Kyoto Protocol, Brown's book will do well among students, activists and the growing environmental movement.Copyright 2001 Cahners Business Information, Inc.