A new way of accounting for ecological costs?
January 7, 2012 7:30 PM Subscribe
Social Credit is a movement that takes a different view of economic expansion. Mostly it focuses on how value is created and what happens to the excess value. Proponents can be very aggressive or very mellow but a key part of their philosophy is that we must recognize the value we've inherited from the past. In other words, we don't start our lives with an empty ledger but have inherited many physical and intellectual gifts from previous generations. Recently I began wondering whether we shouldn't look at the other side of the ledger, particularly when it comes to ecological impacts - i.e., the messes we inherit. It turns out that in the early 90s, some social credit economists were writing about this and were even talking about climate change as something that needed to be added to the equation. Is this an idea whose time has finally come?
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