An interesting debate has–finally–found its way into the American election–
“Two things,” [Obama] said… “One, just because I think it really captures where I was going with the whole issue of balancing market sensibilities with moral sentiment. One of my favorite quotes is — you know that famous Robert F. Kennedy quote about the measure of our G.D.P.?” … In it, Kennedy argues that a country’s health can’t be measured simply by its economic output. That output, he said, “counts special locks for our doors and the jails for those who break them” but not “the health of our children, the quality of their education or the joy of their play.”
Obama’s point is probably that public policy needs to focus on more than just increasing incomes, but the debate fans-out to include environmental concerns and cultural ethics.
Based on the collective wisdom of scientists, global warming really does seem to be different from any previous environmental crisis. For the first time on record, meanwhile, economic growth has not translated into better living standards for most Americans.
Again, I came across this on the Environmental Economics Blog. The comments are worth a good read.