Re: new thread: PKT and ecology

[Paul Davidson <pdavidson@xxxxxxx>]

At 07:05 AM 3/22/01 -0800, you wrote:
> Thanks Paul. Yes I had in mind _economic prospects for our grandchildren_.
> And look forward to reading your thoughts in the chapter you suggested. The
> idea was to attempt to engage in the impossible: to anticipate what JMK
> would have done or proposed given our present circumstamces.  I am  happy to
> note, but not surprised, that you have given this some thought. Any other
> suggestions would of course be appreciated should this discussion take any
> twists and turns with which you  agree or disagree.


keynes's concept of user costs  (chapter 6) is very important.  See my AER
(1963) article on the Oil industry and the rate of extraction.

Also I wrote (with two of my graduate students at the time -- it was part
of their disserations) several studies on the demand and supply for outdoor
recreation --  including one published by the Government -- which was the
largest empirical econometric study that was published as a entitled
THE  DEMAND AND SUPPLY OF OUTDOOR RECREATION (1965) which studied
recreation by 25 different recreational activities (anywhere from water
sports to bird watching) based on the Census of Recreation and projecting
these results for nine regions of the country through the year 2000..  Talk
about a green study!!

We also did studies for water recreation in the Deleware rstuary, another
for TVA.  Also the effect of highway beautification on automobile accidents
and fatalities-- all published !! and all using good Keynesian concepts.

Paul