A Conservation Law for Externalities

From the Adam Smith Institute :

Economics of Recycling

So let us look at recycling by the standards of A Blueprint of Survival. For example, this Friends of the Earth report on paper recycling. A marginal benefit at best. None of the calculations about recycling in general or any specific scheme such as this one include the time and effort put into sorting the items before disposal or collection. So we have left out one of the major costs associated with recycling, making sure that economic cost and real cost have diverged. Add back in the cost of that labour and the real costs will be hugely greater than the real value produced for most schemes.

Some recycling is a waste of time and effort by the very standards that the environmental movement wants us to judge all behaviour.

Share this