Wednesday, October 01, 2008

Stiglitz invokes the "polluter pays principle"

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The principle is self-explanatory. Stiglitz thinks it should be applied to Wall Street. I think he should go the whole hog and advocate replacing the flawed neo-classical economic thinking which has despoiled nations, started wars and sent millions into starvation with true-cost eco-economics. Wikipedia provides a good overview, as ever.

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