[PEN-L:2474] Re: The V-word

[blairs@xxxxxxxxxxx (Blair Sandler)]

At 5:36 AM 1/19/96, Mike Meeropol wrote:

>I know this uses the neoclassical approach but one way I have tried to bring
>home to me students the importance of what Terry has stated in this
>paragraph is to ask them to consider the VALUE of the enironment in which we
>humans must live to be INFINITE.  This gets away from the neo-classical idea
>that "efficiency" requires that "we" exploit the environment until marginal
>costs EXCEED marginal benefits.  With infinite costs to further
>environmental deterioration, it forces us to set limits as quickly as
>possible.


I do this too, Mike: anything with infinite value ("priceless beyond
measure") is just too darned expensive to use.

Blair