Econ Club: It's about logic, not emotion.

Under the guise of Econ Club, I have sat in many of bars alongside peers and professors, attempting to solve the world’s problems with economic logic. Couched primarily in economic topics, attendees are encouraged to be blunt, using logic not opinion to discuss current events. It is because of the success of these meetings and encouragement from past participants that I am moving Econ Club into blog form. As such, post articles, comment on them and of course keep a refreshing beer nearby.

Wednesday, June 25, 2008

http://www.economist.com/finance/displayStory.cfm?story_id=11610918

Yesterday we had a meeting here at UNCTAD to discuss the role of TNCs in climate change. Ultimately, who does responsibility lie with, producers or consumers? How do you separate responsibility along the value chain?

2 comments:

Ian said...: Does it matter? If the market doesn't self-regulate due to corporate reputational concerns ("greenwashing") -- something not likely to solve the climate change crisis, assuming it exists -- then government regulation is the answer. Ultimately, the consumer will bear the cost of all of it. So place responsibility where you will. It is the consumer who bears the burden.; June 25, 2008 at 9:09 AM
Mike said...: There's a special report in either this or last week's Economist about climate change, and I recommend everyone read it. It covers the movement in the corporate world to start making money off of 'green' technology.

As much as people like to accuse the corporate world of being the cause, it's almost certain that they'll be the solution (assuming that carbon emissions are actually a significant causal factor in climate change, which I personally doubt).; June 28, 2008 at 1:37 AM