Barry Gardiner Quotes
Classical economics values things by seeing how much someone will pay for them. But this is where classical economics is wrong. What it fails to account for are all the 'externalities' - the services people regard as free goods: pollination services, flood protection, climate regulation, soil stabilization, carbon sequestration.
Topics
Carbon, Carbon Footprint
Natural Resources
Supply and Demand
Sustainable Development
How Much
Carbon Sequestration
Classical Economics
Climate Regulation
Economic Externalities
Economic Incentives
Ecosystem Services
Environmental Economics
Environmental Impact
Externalities
Flood Protection
Market Failure
Market Value
Natural Capital
Resource Scarcity
Citations
Gardiner, Barry. "GDP Has Been a Con Perpetrated Upon the Poor of the World." HuffPost UK, BuzzFeed, 5 June 2014.
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Barry Strachan Gardiner is a British politician who served as Shadow Secretary of State for Energy and Climate Change and Shadow Secretary of State for International Trade from 2016 to 2020. A member of the Labour Party, he has been Member of Parliament (MP) for Brent North since 1997.