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Environmentalists want to put a monetary value on the negative impacts of industrial activities, such as polluting, and to force offending companies and utilities to compensate society for the harm they do

EarthTalk: Factoring Environmental Degradation into Economics

EarthTalk® is a weekly environmental column made available to our readers from the editors of E/The Environmental Magazine Dear EarthTalk: In my business courses in college, we were taught that ecological degradation was an “externality” – something outside the purview of economic analyses. Now that the environment is of such concern, are economists beginning to rethink this? – Josh Dawson, Flagstaff,…

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