[Background to this letter: The 1988 edition of Economics for a Round Earth was purchased by the library of Murdoch University in Western Australia. Ms Tonti was featured in a 1993 story in 'The West Australian' newspaper, as one of the promising students of that year. I found her address and wrote to her, suggesting she find my book in the library and have a look at it if she had time. - Charles A. Pierce]
10/01/1994
Dear Mr Pierce,
Thankyou for your letter (March 1993) regarding your book “Economics for a Round Earthâ€, please accept my sincere apologies for responding so late to your letter.
I did not have the opportunity to study any environmental economics at Murdoch University until the latter stages of second semester in 1993, in a course named “The Australian Economyâ€. In your letter you stated that you were interested to know my thoughts pertaining to your book. I found “Economics for a Round Earth†a most useful work in enhancing my comprehension of the interaction between the discourses of economics and environmental conservation. The manner in which you presented many of the planet’s ecological-economic problems I found most thought-provoking and unique (for an economics work) – enabling students to gain an alternative insight into such issues, particularly regarding the consumption and renewal of resources and consumer attitudes.
Thank you for recommending your book to me, I have found it to be most useful in my studies thus far.
Best wishes for the New Year,
Yours Sincerely
Justine Tonti
Posts in this Series
- Review of 1988 edition of Economics for a Round Earth
- Foreword
- Ends and Means
- Evolution Not Revolution
- Notes on Evolution Not Revolution
- Concepts and Terms – What is ‘wealth’?
- Production?
- The Throughput Chain
- The Derivatives of Wealth
- Global Inequalities in Wealth
- Economic Growth Redefined
- Misconceptions in Practice
- Borrowing to Invest to Get Rich
- Environment versus Economic Progress
- Digression: Pollution Red Herrings
- Digression: Depletion and Inflation
- Value Inflation – the Trigger, not the Bullet
- Living Standard and Quality of Life
- Digression: Resource Consumption, Jobs, and Hands Off
- When the Boom comes
- The Effect of People’s Expectations
- Hard Work – Virtue or Vice?
- Who needs the Snail Darter?
- More Dollars for Conservation?
- Non-renewable Resources – Leave Them in the Ground?
- Digression: Fast Breeder Nuclear Fission Reactors
- Minerals in National Parks – Leave Them in the Ground?
- Population and Wealth
- Left, Right and The Environment
- Digression: Flat Earth Economics; Capitalist and Communist Varieties Contrasted
- Digression: “So Long As We Profit, Costs Elsewhere Aren’t Our Problem”?
- Capitalism versus Communism Continued – Towards a Better Economics
- Limits to Growth?
- Solar Energy – a Special Case
- The Solar-Powered Car
- Money Supply, Throughput and Inflation
- Real and Money Wages: Living Standards
- Digression: Caution about “Increases” and “Decreases”
- The Idea of Proportionate Flows Applied to Wages: the Great Depression
- Deficit Financing
- Supply-side Economics and the Laffer Curve
- The Optimum Proportionate Flow Condition
- Digression: Thrift versus Spendthrift
- Digression: the Private Motor Car – a Basic Necessity?
- The Idea of Proportionate Flows Applied to Wages – the Stagflation of the 1970′s and 80′s
- Excessive Wages Can Cost Jobs
- Fight Unemployment or Inflation First?
- Digression: Work and Jobs
- Other “Job Creation” Schemes
- Visual and Noise Pollution
- Digression: Renewal and Recycling of Resources; Wages and Jobs
- Ratio Distortion and Consumption
- Aggregate Demand – Components and Internal Ratio
- A Wage Freeze
- Full Wage Indexation – Kindergarten Economics
- The Slave Economy
- A Better Wage-fixing System
- Employment and the Steady State
- Consumer-Led Recovery
- Interest Rates and Ratio Distortion
- Demographic Trends and Living Standards
- Digression: Bad Economics Good for Conservation?
- Coping with Aging Populations
- Stabilising the Human Population
- Costs – What Really Costs Us and What Doesn’t?
- Digression: Other Comments on Statements in UN Report
- Discussion of Costs Resumed
- The Problem of Government Debt
- Budget Balancing Methods – Cost or Gain?
- Digression: Government Expenditure – Government Employees
- Expenditure on Weapons
- Conclusion


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