Addressing Externalities: An Externality Factor Tax-Subsidy Proposal
Jay Cooper Beeks 1 2 * , Thomas Lambert 3
More Detail
1 Marylhurst University, Marylhurst, OR, USA
2 Arizona State University, Tempe, AZ, USA
3 College of Business, University of Louisville, Louisville, KY, USA
* Corresponding Author

Abstract

Nature is losing the war against capitalism and needs us to come to her defense in a way that may seem counter-intuitive. We, humans, have our ways of doing things and natural processes follow their own courses, often distinctly foreign to our inclinations. Our modern-day business practices are designed for the short term, are self-centered, tending toward precision and inevitably leading to environmental destruction. Natural processes, on the other hand, are intended for the long term, are generous, are highly imprecise and almost always lead to flourishing ecological systems. While humankind produces primarily negative externalities, nature produces almost exclusively positive externalities or no externalities at all. This paper discusses a way that both negative and positive anthropogenic externalities can be used to encourage ‘good consumption’ and to discourage ‘bad consumption’ for the benefit of natural ecological systems, human societies, family units, and our future generations.

License

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Article Type: Research Article

https://doi.org/10.20897/ejosdr/81573

, 2018 - Volume 2 Issue 2, Article No: 19

Publication date: 08 Mar 2018

Article Views: 3536

Article Downloads: 1394

Open Access References How to cite this article