4 ms·
I think commons like fish in the ocean and air quality in cities should be priced. If of you fish its not free you pay to the country whos fish you fish. If the
by acd 6y ago
I think commons like fish in the ocean and air quality in cities should be priced. If of you fish its not free you pay to the country whos fish you fish. If the fish is extinct or heavily MSC on the red list the price is sky high in the millions this is to protest the species and our eco system so future generations can enjoy that fish.
By pricing eco systems and sustainable common resources. We avoid tragedy of the commons where few extract all value from common resources for free.
Ie such a new economic system would price the rain forest at its true value to humans and earth eco systems.
Carbo emissions would also be priced differently.
Tradegy of the commons
https://en.m.wikipedia.org/wiki/Tragedy_of_the_commons https://en.m.wikipedia.org/wiki/Tragedy_of_the_commons
- travisporter 6y agoThe Marine Stewardship Council (MSC) is an independent non-profit organization which sets a standard for sustainable fishing.
- spangry 6y agoSounds like you're describing Pigovian taxes: https://en.wikipedia.org/wiki/Pigovian_tax https://en.wikipedia.org/wiki/Pigovian_tax
- acd 6y agoThanks for point out Pigovian taxes! It seems to be a field of Environmental Economics.
- thruflo 6y agoThe UN did a major study on the economics of ecosystem biodiversity, ie the value of nature and how to price it into the economy: http://www.teebweb.org http://www.teebweb.org
- wnavarre 6y agoThe land value tax is a Pigovian tax. The idea is that your exclusive use of the land denies others access and they deserve compensation.