In today's Jakarta Post op-ed, Professor Rokhmin Dahuri wrote that capitalism depletes natural resource and precedes global warming. Discuss the flaw, if any, in his argument.
Hint: Use your knowledge of Demsetz's Theory of Property Right,or Coase Theorem (in pdf), or Tragedy of the Commons. No math needed.
Hi Prof,
ReplyDeleteHow many students are taking this course...? :-)
I can not see them... :-)
ReplyDeleteOh, I am not the Professor, but I think the students are now off shopping for $295 organic jeans and $24 soy underwear somewhere. :-)
ReplyDeleteRizal, I think that article cannot be a champion of green economics based on any ground. I might be wrong, but I don’t care. I frustrated with that (Sapu Jagat) article.
ReplyDeleteWhy the author attacked (voters)country A, when his solution is to get “subsidy” from country A. Mind that, it is country A (voters) preference that might help get him the subsidy.
Bark louder doesn't make him good:)
Btw, on Coase, that article is a negative externality for me. But of course, I will not pay the author not to write or Jakarta Post not to publish it. The externality only lead to dizziness, nothing major.
ReplyDeleteSo, I hope this is more cost-effective. I choose to beg Rizal, not to "advertise" this type of article. If this does not work, at least i try:)
what's the flaw?
ReplyDeleteMova, Sukasah Syahdan of Akal dan Kehendak (see the "of interest" section on the right sidebar) has the good answer in today's, Dec 17, The Jakarta Post op-ed (non permanent link).
ReplyDeleteyes, i've red the article. what if I say that not all negative externalities are immediately identifiable and that "sustainability principle" prevented us from creating such externalities?
ReplyDeleteI would suggest Grossman and Krueger "Econ Growth and the Environment" (QJE, 1995) to prof Rokhmin.
ReplyDelete