Fogarty:
> In the light of this failing in the history of value theory, one
> should remember the biblical warning "Those who forget history are con
> demned to relive it".
I just finished researching an article about the accretion of salts into the
croplands along the Murray River in Australia. Salts threaten to destroy the
farms there, as well as the biosystems of the river. The same thing is
happening along the Nile, the Colorado, and some evidence suggests may
happen soon along the Amazon. It reminded me of the ancient cities of Uruk,
Babylon and elsewhere. Essentially those civilizations died because they
used the fertile land nature produced for them in a way that destroyed the
value of their land (and their wealth); just as Tony cited as an example,
and just as farmers are doing in those saline sinks today.
Would that from Aritotle to Galiani, to Marx, Mill and Marshall there had
been some understanding of the dynamics nature controls in producing value;
and the consequences of constructing the whole body of economics while
ignoring nature's "contribution" and the parameters she sets.
Perhaps we wouldn't be reliving this particular bit of history. Perhaps we
wouldn't be doomed to relive ... ahhhh you know the rest.
Tom
"Our eager shiny vanity is ground
To dusty blackened ashes in the Earth."
-- words stolen by me from poet Hallyx
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