David Suzuki needs an economics refresher course

“Beyond tarring the economics profession, he displays a perplexing lack of understanding of basic economic concepts. First of all, none of the rules taught in undergraduate economics course advise the owner of a resource to deplete it as quickly as possible. Perhaps he was confused with the Tragedy of the Commons problem, where lack of private ownership causes a resource to be overused.”

http://www.theglobeandmail.com/report-on-business/economy/economy-lab/david-suzuki-needs-an-economics-refresher-course/article4602350/

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