Use and Abuse of the “Natural Capital” Concept

Herman Daly explains how we can use prices now as tools for rationing a fixed predetermined flow of resources, rather than determining the volume of resources taken from nature, or the physical scale of the economic subsystem.

The Visible Hand: Manipulating Market Prices by Influencing Laws and Regulations

Just how efficient are are market prices when they put the future of all species, including humans, at risk?