From: Allin Cottrell (cottrell@WFU.EDU)
Date: Wed May 09 2007 - 18:23:39 EDT
On Wed, 9 May 2007, Paul Cockshott wrote: > I agree with what [Ajit says] about the real wage. > What I worry about here Ajit is how one models the process by which > things like fossil fuels are transformed into wastes. > >From the standpoint of capitalist accounting, there is no problem, > in that fuel below the ground is free and only costs due to the > labour required to extract it. Thus from the standpoint of > a critique of neo-classical economics it is just fine for > us to ignore this. > > But from the standpoint of the long term rational use of natural > resources, it should be possible to model this in some way. I recall interesting work by Barry Commoner (sometime in the 1970s) on constructing an input-output table that included use of natural resources and production of waste. I used this in teaching a course in the "Science and Industrial Studies" program at Napier College. Maybe I could find the article again. It might perhaps have appeared in Scientific American. Allin.
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