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Research Publications: UM-SG-RS-2005-15
Title:
Economic growth and environmental protection: A clarification about neoclassical economics.Year:
2005Authors:
Whitehead, J; Lipton, D; Lupi, F; Southwick, RSource:
Fisheries 30 ( 4 ) : 32 - 34Abstract:
A recent article (Czech et al. 2004) and the "economic growth forum" series of articles (Czech and Pister 2005) in Fisheries consider the relationship between economic growth and environmental protection, specifically fish conservation. These articles highlight an important social concern: the unfettered pursuit of profit by business firms will lead to the degradation of the environment and the overuse of natural resources, including fisheries. Czech and Pister claim that main- stream economists ignore the problem: "Neoclassical economists, micro and macro, typically opine that there is no practical limit to economic growth and, as a corollary, no inevitable conflict between economic growth and environmental pro- tection (including fish and wildlife conservation)." As neoclassical economists, we take issue with this statement and would like to address the possible mispercep- tion among fisheries professionals about the appropriate role of economists and economics in the allocation of scarce fishery resources.Maryland Sea Grant Topic(s):
'Related Research Project(s)' link to details about research projects funded by Maryland Sea Grant that led to this publication. These details may include other impacts and accomplishments resulting from the research.
'Maryland Sea Grant Topic(s)' links to related pages on the Maryland Sea Grant website.
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Featured Fellow
Leone Yisrael is a cephalopod-loving scuba diver, cook, and loves to try new activities. She conducts genetic analysis and fieldwork at the Smithsonian Environmental Research Center through the Coastal Disease Ecology Lab.
Featured Research Project
Exploring the Use of Benthic Microbial Fuel Cells to Remove Sulfide While Harvesting Energy from Oyster Aquaculture Biodeposits
Oyster aquaculture is a rapidly growing industry in Maryland’s Chesapeake waters which stimulates economic activity and may provide a host of ecosystem benefits. A potential concern associated with the intensification of the oyster aquaculture is the local production and accumulation of oyster biodeposits, which can lead to a porewater sulfide accumulation and declining bioturbation, symptoms of declining ecosystem function. Sulfide is naturally removed from the seafloor by the interactions between bioturbating infauna and sulfide oxidizing bacteria.
Chesapeake Quarterly Magazine
A Growing Industry: Advancing Oyster Aquaculture in Maryland
