If we are to save humanity and the planet from the worst mass extinction of all time, worse even than that at the end of the Permian, we must stop at two degrees.
Mark LynasRead
Conventional economic theory... counts the depletion of resources as the accumulation of wealth.
Interpretation
This quote critiques traditional economic views that mistake resource depletion for wealth accumulation.
Mark Lynas highlights a fundamental flaw in conventional economic theory, which equates the reduction of natural resources with the generation of wealth. This perspective can lead to harmful practices that prioritize short-term gains over long-term sustainability, ultimately disregarding the consequences of depleting the planet's resources.
In practice
This quote can be used in a discussion about sustainable development at a conference.
If we are to save humanity and the planet from the worst mass extinction of all time, worse even than that at the end of the Permian, we must stop at two degrees.
Lenders, including major credit companies as well as payday lenders, have taken over the traditional role of the street-corner loan shark, charging the poor insanely high rates of interest.
In the world of traditional economics, it shouldn't matter whether you use an opt-in or opt-out system. So long as the costs of registering as a donor or a nondonor are low, the results should be similar. But many findings of behavioral economics show that tiny disparities in such rules can make a big difference.
All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.
Can we please agree that in the real world, corporations exist for one purpose and one purpose only - to make as much money as possible, which means cutting costs as much as possible?
This is the paradox of thrift: belt-tightening causes people to lose their jobs, because other people are not buying what they produce, so their debt burden rises rather than falls.
Women are the engine driving the growth in California's economy. Women make California's economy unique.
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