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Consumptionomics by Chandran Nair

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Resource-centred societies

By putting resource constraints at the centre of policy-making, societies will rework the price framework in which people and enterprises organize and structure their operations. More areas will be off-limits, and those that remain on-limits will be subjected to mechanisms that include environmental costs which until now have largely been ignored. In all this, the big change will lie in putting values on things humans have long taken for free or nearly free – the environment in which we live and the resources it provides us with. Doing so will change the relative incentives and disincentives between different types of activities, depending on their need for resources and demand on ecological services.

As the rules under ...

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