You Can’t Eat GNP: Economics as Though Ecology Mattered, by Eric Davidson.
This is a book I’ve been meaning to read since it was first published in 2001. Finally, I have. And the world has moved on. Nevertheless, the book was an important one, and one that proved to be a bit of a paradigm shifter for me.
Davidson makes an eloquent case for what he calls ecological economics. His attempts to describe this new field seem to lack something … and I’m not firmly enough grounded in economics (or axiology) to figure it out. I do know that when your economic models assume that resources are infinitely renewable (and Davidson points this out, too), your economic plan will bring nothing but destruction and disaster.
This is not an Earth First! monkeywrenching tree-hugger manual. It is an attempt to take both economics and ecology seriously. And Davidson deserves major props for his efforts.
For me the paradigm shift came when I realized that we need to balance ecological concerns with business and agricultural concerns. I believe that doing this balancing without taking the next seven or so generations into account leads to a economics of destruction, and the Easter Island Scenario would happen planet-wide.
But there are just too many homo sapiens sapiens wandering around the planet to revert to some neo-eco-hippie hunter/gatherer lifestyle. We need everything that technology can teach us to develop a sustainable lifestyle for 6, 8, or even 10 billion persons. And our economics needs to take this into account.
I also came up with a new metric for discarding broken economic approaches: If the economic philosophy values the Mona Lisa only in terms of what the market would pay, and thus allows it to be destroyed if a larger amount of cash (GNP) would be generated that way, then it is truly a broken model. Once the Mona Lisa is gone, she is gone. Period. End of art.
Our souls would be poorer, but we could survive without her. After all, what percentage of the earth’s inhabitants will ever get to see her with the own eyes?
But the this applies with much more intensity to biomes, to ecosystems, and to the marvelous balance of spaceship earth. Learning to exchange your labor for the products of mine, to exchange goods and services in a way that respects the diverse and robust environment which sustains us is the key focus of this book.
Well worth reading and pondering.