I dissect how neoclassical economics treats (neglects) natural resources, and discuss ways to fix it.

Blair Fix

<em>
 If it is very easy to substitute other factors for natural resources, then there is in principle no “problem”. The world can, in effect, get along without natural resources.
</em>
— Robert Solow, 1974  In the distant future, aliens come to Earth. They find a planet devoid of life. Looking closer, the aliens see that life on Earth
<em>
 was
</em>
once abundant, but was wiped out by a mass extinction.

Messaggi di Rogue Scholar

Can the World Get Along Without Natural Resources?