The Cult of G.D.P.
Will free-market economies ever pay due respect to the non-market resources that enable them to function? The atmosphere’s role in making life possible; the ocean’s role in generating fish and biodiversity; the role of bees in pollinating crops; the role of stay-at-home parents in raising the next generation — all of these “services” are invaluable, but because they exist outside of the market, and thus have no price tags associated with them, they have no value in market theory.
