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Spring 2002

ISSN 0890-913X

Volume 17, Number 2

Categories: Spring 2002 | Economic and social Development

Does It pay to be Green? Some Historical Perspective

Pierre Desrochers, Johns Hopkins University

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DoesItPaytoBeGreen?SomeHistoricalPerspectivePierreDesrochersJohnsHopkinsUniversityAWillitPay?@thenis,afterall,thequestionusuallyputwhenanyattemptsismadetointroduceanewproduct,ortoutiliseinannewwayanyoftheresiduematerialusedinourpopularindustries.-PeterLundSimmonds.WasteProductsandUndevelopedSubstances:ASynopsisofProgressMadeintheirEconomicUtilisationDuringtheLastQuarterofaCenturyatHomeandAbroad.London:HardwickeandBogues,1875,pp.11-12.Awidespreadbeliefamongcontemporarywritersonsustainabilityisthatpasteconomicdevelopmentwascharacterizedbywastefulpractices.Forexample,Worrell(2000:1)writes:AHistorically,societyandindustryhaveoperatedasanopensystem,transformingresourcestoproductsorservicesandemittingwastesandpollutantstotheenvironmentatallstagesofthelifecycles@(Worrell,2000:1).Nath,HensandPimentel(2000:1)similarlybelievethatAitishardtofindanyhumanactivityorinterventionforeconomicdevelopmentthathasbeenbeneficial,benignorcost-freetothenaturalenvironment.@Intheirbest-sellerNaturalCapitalism,PaulHawkenandAmoryandL.HunterLovins's(1999)indicttraditionalcapitalismasaAfinanciallyprofitable[but]nonsustainableaberrationinhumandevelopment@(p.5)rootedinwastefulpracticesthatresultinecologicalstraincausingnotonlythelossofforests,topsoil,fisheriesandfreshwater,butalsoApoverty,hunger,malnutrition,rampantdisease,crime,corruption,lawlessness,anarchyandrefugeepopulations@(pp.8-9).Inshort,asFloridaandDavison(forthcoming)argueinabooksponsoredbyResourcesforthe

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Metadata [hide]

Title	Does It pay to be Green? Some Historical Perspective
Authors/Creators:	Pierre Desrochers, Johns Hopkins University
Year:	2002
Volume:	17
Number:	2
Pages:	20 - 36
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	Economic development, Environmental management, Capitalism, Profit, Resource availability, Technology, Industry, Sustainable development

Citation:
Desrochers, Pierre / 2002. "Does It pay to be Green? Some Historical Perspective." The Journal of Private Enterprise, 17(2): 20-36.