Recently,
John Michael Greer has been exploring a little known idea of the deceased economist
E.F. Schumacher (a student of the oft-discussed
Keynes).
"Schumacher drew a hard distinction between primary goods and secondary goods. The latter of these includes everything dealt with by conventional economics: the goods and services produced by human labor and exchanged among human beings. The former includes all those things necessary for human life and economic activity that are produced not by human beings, but by nature. Schumacher pointed out that primary goods, as the phrase implies, need to come first in any economic analysis because they supply the preconditions for the production of secondary goods. Renewable resources, he proposed, form the equivalent of income in the primary economy, while nonrenewable resources are the equivalent of capital; to insist that an economic system is sound when it is burning through nonrenewable resources at a rate that will lead to rapid depletion is thus as silly as claiming that a business is breaking even if it’s covering up huge losses by drawing down its bank accounts." [more inside]
posted by symbollocks
on Jul 10, 2009 -
14 comments
Do You Want To Know RIGHT NOW How You Can Drive Around Using
WATER as FUEL and Laugh At Rising Gas Costs, While Reducing Emissions and Preventing Global Warming?
posted by jonson
on May 13, 2008 -
109 comments
