




| Keep calm and carry on |
|
|
| Written by Dr Eamonn Butler |
| Wednesday, 03 February 2010 06:00 |
|
My friend John Baden of the Foundation for Research into Economics and the Environment reminds me that twenty years ago, the National Centre for Policy Analysis in Dallas commissioned a report on Environmental Myths and Realities. Nine of the ten myths focused on the consequences of consumer behaviour. The myths (and facts) included: Americans were especially wasteful (they weren't), packaging was bad (it isn't), recycling is always good (not always), biodegradable is best (not always), America's running out of landfill (twenty years on and it still isn't a problem), and we are running out of resources (er... we have more known oil reserves, for example, than we've ever had). Twenty years ago, of course, most people were worried about the coming ice age and the population explosion. Today, it's warming, and population implosion – we in Europe are producing children at far less than the replacement rate, and on current trends the population of Russia will be down by a quarter come mid-century. One of the interesting thing about problems is that they change. And for those that remain, people find fixes to them. As Baden will tell you, you don't run out of material resources when property rights are secure and the market is permitted to work – fostering discovery, substitution and conservation. 'Scarcity,' he says, 'has never won a race against creativity when marketable commodities are at issue.' The stone age didn't end because we ran out of stone, enterprising people just found better things to make tools of. No, the real problem is when people, for idealistic reasons, undermine the market system. Then you find out what shortages and ecological disasters are. |
The Adam Smith Institute is the UK's leading innovator of free-market economic and social policies. Politically independent and non-profit, the Institute promotes its ideas through reports, briefings, events, media appearances, and its website and blog. For further information, click here.
Email info@adamsmith.org if you would like to subscribe to our fortnightly e-bulletin.
Go back in time and read the first two years of our blog in our historical archive.
Dr Madsen Pirie
Dr Eamonn Butler
Benedict Brogan
Burning our money
Dizzy Thinks
Guido Fawkes
Iain Dale's Diary
Liberal Vision
Marginal Revolution
Political Betting
PoliticsHome
Samizdata
Spectator Coffee House
Stumbling and Mumbling
Tim Worstall
Adam Smith's Lost Legacy
The Austrian Economists
Cafe Hayek
Carpe Diem
David Smith
Econlog
Freakonomics
Free Advice
Greg Mankiw's Blog
Mises Economics Blog
Out of Control
Taking Hayek Seriously
ThinkMarkets
Undercover Economist
An Englishman's Castle
Archbishop Cranmer
Biased BBC
Blognor Regis
Brassneck
Boulton and Co.
Brian Micklethwait
Comment Central
ConservativeHome
Croydonian
Daniel Hannan
The Devil's Kitchen
EG West Education Blog
EU Referendum
Freedom and Whisky
IEA
John Redwood MP
Libertarian Alliance
Mark Wadsworth
Merciar Consulting
¡No Pasarán!
Oliver Kamm
The Salisbury Pages
Shane Greer
Social Affairs Unit
Taxpayers' Alliance
Three Line Whip
Ways and Means
The Welfare State We're In
Witanagemot Club
Amy Ridenour
Andrew Sullivan
The Beacon
Bureaucrash
Cato @ Liberty
Chicago Boyz
Doc Searls
Dodgeblogium
Heritage: The Foundry
Kids Prefer Cheese
Liberty and Power
NRO Corner
Poor and Stupid
Tom Palmer
Strike the Root
Virginia Postrel
The Adam Smith Society
The American
Australian Libertarian Society
Buyer Behaviour
CFD blog
Club for Growth
Drudge
Eamonn Butler
Errores Communes
FEE
The Online Library of Liberty
The Rathouse
RealClearPolitics
TechDirt
Technology Liberation Front