Breaking News

Commentary: Carbon credit trading, the green movement and the demise of Milton Friedman

Page 1 / 2 Next >
View Comments: Newest First | Oldest First | Threaded View
User Rank
re: Commentary: Carbon credit trading, the green movement and the demise of Milton Friedman
Kev-bo   8/26/2008 5:12:30 PM
Milton Friedman wouldn't have been at odds with the green movement. Like all good economists, he deemed carbon footprints and other forms of pollution as externalities. Externalities are costs/impacts thrust on parties not directly involved in an economic decision. In economics-land (even monteterist, free-market economics), externalities are recognized as a free-market problem and are typically mitigated by "internalizing" some of the third party costs associated with the economic transaction. Carbon and general pollutions "offsets" are a reasonnable way of internalizing some of the associated costs and enabling parties to make economic decisions about how much to pollute, so long as the offsets have some meaningful cost associated with them.

legs ortiz
User Rank
re: Commentary: Carbon credit trading, the green movement and the demise of Milton Friedman
legs ortiz   8/26/2008 4:14:44 PM
Thank you Mr. Glubiak for the promotion of carbon trading and green business motives. However, I believe Friedman's philosophy may be a thing of the past, like him. Why? It does not adequately provide for the changing global situation. And, today employees are searching for a more efficient,equitable as well as satisfying way to live life - meaning that the profit motive is not enough. There is theory behind this revision and it is called civil economy or a popular variation is called "partnership economics". Basically, this means that capital is considered not only on financial investment, but spread through valuation of human capital, environmental capital and overall return to society or the common good. Google: Stefano Zamagni - Economist in Bologna, Italy.

More Blogs
Neil and Buzz were on the moon. Orbiting above, there was Michael Collins. For a teenager, that summer posed no limits on the reach and social benefits of applied engineering and technology.
Matlab and Simulink are finding use in projects that don't necessarily require high-end math and signal processing.
Mobile devices will need a big boost in processing power to provide new features such as UltraHD video, LTE-Advanced, and 3D products (Google's Tango).
As Luke had his Yoda, so does a startup CEO need a mentor. Here are some tips for what to look for in a mentor.
In a Strategy Analytics survey, 40% of Americans said they were not at all interested in fully autonomous driving. It's hard to picture those opposing gun control abdicating the freedom of turning their own steering wheel.
Flash Poll
Join our online Radio Show on Friday 11th July starting at 2:00pm Eastern, when EETimes editor of all things fun and interesting, Max Maxfield, and embedded systems expert, Jack Ganssle, will debate as to just what is, and is not, and embedded system.
Like Us on Facebook Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)
EE Times on Twitter
EE Times Twitter Feed
Top Comments of the Week