Chapter 18 - Assignment 2: Finite Resources
Chapter 18 - Assignment 2: Finite Resources
Read: "
How Capitalism Saved the Whales," by James S. Robbins (an article originally published in
The Freeman, August 1992).
- Are whales a renewable or a nonrenewable resource?
- How did capitalism "save the whales?" (Hint: focus on the role of market prices in
allocating scarce resources.)
- Can any inferences be drawn from this about the limits to growth resulting from the existence of
exhaustible energy resources (such as fossil fuels)?
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