Published March 18, 2021
There may be a period in the process of economic growth where economic concerns far outweigh environmental ones. However, as the economy grows and incomes rise, people often place more value on the environment. But a society does not have to sacrifice economic growth for environmental quality.
This video’s audio is excerpted from an episode of the Uncommon Knowledge web series, published by the Hoover Institution.
Additional Resources:
- Watch the Uncommon Knowledge podcast episode “Why Here, Why Now? Why Did the United States Enjoy Dramatic Improvements in the Standard of Living During the Last Century?,” with Terry Anderson, George Shultz, John Cogan, and Lee Ohanian. Available here.
- Watch “Economic Growth: The Path to a Cleaner Environment,” based on the work of Terry Anderson. Available here.
- Watch “Environmental Markets: A Property Rights Approach,” with Terry Anderson. Available here.