Resource Scarcity and Sustainability—The Shapes Have Shifted but the Stakes Keep Rising
Abstract
:1. Introduction
2. Methods and Materials
3. Results and Discussion
3.1. What Will We Do When the Coal Runs Out?
3.1.1. Exhaustible Resources
3.1.2. Cake Eating
3.1.3. Extraction of an Exhaustible Resource
3.1.4. Observable Indicators of Scarcity
3.2. What Will We Do When the Whale Oil Runs Out?
3.2.1. The Contribution of Faustmann
3.2.2. Harvest of Renewable Resources
3.2.3. The Diminishing Distinction between Resource Management and Environmental Policy
3.3. How Do We Manage a World with Exhaustible and Renewable Resources?
3.3.1. Ricardian Scarcity and the “Folk Theorem”
3.3.2. Weak and Strong Sustainability
3.3.3. Ricardian vs. Malthusian Scarcity
3.4. The Shape of the Problem Begins to Shift
3.5. What Should We Do When the Risks Are Really Scary?
3.5.1. Emergence of the Concept of Extraordinary Risks
3.5.2. Management of Extraordinary Risks
3.6. The Sustainability Toolkit Has Expanded, a Good Thing in the Long Run, but Not All of the Candidates Will Be Survivors
4. Conclusions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Acknowledgments
Conflicts of Interest
References
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Randall, A. Resource Scarcity and Sustainability—The Shapes Have Shifted but the Stakes Keep Rising. Sustainability 2021, 13, 5751. https://doi.org/10.3390/su13105751
Randall A. Resource Scarcity and Sustainability—The Shapes Have Shifted but the Stakes Keep Rising. Sustainability. 2021; 13(10):5751. https://doi.org/10.3390/su13105751
Chicago/Turabian StyleRandall, Alan. 2021. "Resource Scarcity and Sustainability—The Shapes Have Shifted but the Stakes Keep Rising" Sustainability 13, no. 10: 5751. https://doi.org/10.3390/su13105751