Post! Executive Outline:
Economics as a guide to policy|discipline|business|development typically undervalues Marginal Cost.
1. Resources *Natural capital to make manufactured stuff*
2. Oil is artificially low
3. Other environmental inputs= services
4. The commons
An increase in Marginal Cost would universally better off society.
1. Reduce | Reuse | Conserve –> Lessen material dependence
2. Reduce Energy/person –> Secure our country from Middle East
3. Focus on efficiency –> Reduce waste which hurts services
4. Produce less corn.
Finally, a policy solution without silly cap-and-trade or clean energy, which generates revenues by being harsher on unsustainable businesses.Increase the marginal cost of resources, to decrease their use. Read on, dear reader. But be prepared to comment if you finish it all.
-EM