Quotation of the Day…

by Don Boudreaux on March 3, 2014

in Environment, Growth, Standard of Living

… is from page 254 of Mark Pennington’s excellent 2011 book, Robust Political Economy:

Rising living standards and life expectancy require that some environmental resources are sacrificed in order to create the material well-being that may then enable people to place a higher value on the remaining stock of ecological assets.

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