[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]
Dear Mr Pierce,
Thankyou for your letter (March 1993) regarding your book â€œEconomics 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 â€œThe Australian Economyâ€. In your letter you stated that you were interested to know my thoughts pertaining to your book. I found â€œEconomics for a Round Earthâ€ 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 planetâ€™s ecological-economic problems I found most thought-provoking and unique (for an economics work) â€“ 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,
Posts in this Series
- Review of 1988 edition of Economics for a Round Earth
- Ends and Means
- Evolution Not Revolution
- Notes on Evolution Not Revolution
- Concepts and Terms – What is ‘wealth’?
- 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: “So Long As We Profit, Costs Elsewhere Aren’t Our Problem”?
- 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
- 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
- The Slave Economy
- 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
- Budget Balancing Methods – Cost or Gain?
- Digression: Government Expenditure – Government Employees
- Expenditure on Weapons