Cost of the Environment
Recently, with an international report concerning more about global warming, the Congress is going to debate more about who will pay to confront it rather than what's causing climate change.
I think this issue is just what environment economics deal with. First, figure out what is the demand. This is not difficult, from lots of data and experiment, we can predict roughly what do people need in total, and what it would be like, and by this I mean draw a demand curve. Then, construct the supply aspect. Here comes the problem. How can we compute the marginal cost of producers? From Pigou’s view, social cost has two components, private cost and external cost. It’s relatively easy to get private cost, and we can just find it by adding the value of what producers spend. But about the external cost, it is hard to define and compute. What is the external cost of carbon dioxide emission? What is the external effect of building a waste treatment plant near a big city? These questions are not easy to answer. Therefore, I assume environment economists’ duty is just to look for an appropriate means to calculate them, and give out a better method to evaluate the program, and eventually find a sustainable way for human beings.
3 comments:
unfortunatelly, global warming doesn't have any affect on Maietta,these few days Marietta is really cold. CO2,SO2 is factor of G.W but how can people live without the manufactory to produce food car clothes???we can't, but we need reduce it, we need improve our technology. We only have one Earth, we need protect our home!!!!!!!1
I think global warming does affect Marietta. It affects everywhere. We used to get tons of snow in the winter. This year has been the first in a while.
So I was thinking that whatever caused the global warming, the polutions and such, had a high opportunity cost. Yet they must not have known at the time.
Just a guess.
When I heard that the PS3 was coming out, I was pretty excited because it seemed to have a lot of really neat, groundbreaking technology that would set it apart from all the other systems. While this was true, I was less interested in it when I saw the $600 price tag that came along with that new technology. Being a college student, I don't have that kind of money to just be throwing around. I then became more interested in the much cheaper (much more fun) Nintendo Wii. Not only do you feel more in control of the game, but its more enjoyable to play and the games are, for the most part, friendly. Now everywhere I go, I see electronics stores with signs saying that they are sold out of the Wiis. I think the reason they are so attractive is that along with being small, they are much cheaper and offer something that many video game consoles have moved away from: A good time.
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