2min chapter

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53. The Simple Economics of Saving the Amazon Rainforest

People I (Mostly) Admire

CHAPTER

Natural Capital

The term natural capital is designed to integrate into our economic thinking the role that natureis playing in how the economy functions. We don't think much about natural capital, and we pay a lot of attention to financial capital,. That sortit keeps everything flowing. And it's just now that we're starting to recognize the scarcity of natural capital. Initially people thought teeming up with economists was sort of selling out. But now people are getting more sophisticated in their thinking on the science side of things.

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