Final 150 Flashcards
Types of Resources
Biotic: comes from living/organic matter
Abiotic: comes from non-living and non-organic sources
Renewable: naturally replenished and recycled
Nonrenewable: exist in finite amounts
Direct use Value
The resource meets a tangible or physical need
Productive: obtained through commercial or market exchange
Consumptive: consumer without passing through a market
Indirect use value
Ecosystem services: benefits that humans derive from the functioning of natural systems
Supporting (nutrient cycling, pollination, biodiversity) provisioning ( food, water, energy) regulating ( flood control, climate regulation, carbon sequestration) cultural ( spirituality, recreation, aesthetics)
Market vs non market values
Market values: measurement in dollars for things that can be bought and sold
Non market values: things that make life possible or better but cannot be bought or sold
Paradigm
A pattern or model, a worldwide, a school of thought
Unfalsifiable assumptions about the world
Guides values, attitudes, behaviors
Classical economics
1700s by Smith & Malthus
Resources = land, labor, capital
Land: natural resources
Labor: human effort, compensated via wages
Assumptions: markets are self regulating, produce optimal outcomes through trade/competition
Neoclassical Economics
1800s
Predominant, mainstream economic paradigm
Resources= land, labor, capital, knowledge
Assumptions: people are rational, fully informed, society benefits when individuals maximize their own utility, business seek to low cost and high profits
Resources scarcity
Gross domestic product ( GDP)
The total value of goods and services produced per year
Pollution most in:
Nutrient pollution in water bodies
Air pollution from driving
Climate change from coal fired power plants
Over production and over consumption
Environmental economics
Developed in 1900s
Resources = land, labor, capital, knowledge, ecosystem services
Assumption: correct market failures
Internalizing externalities ( producers pay, beneficiaries bear external costs, optimize resource)
Ecological Economics
Developed in late 1900s
Assumption: the economy is a wholly owned subsidiary of the environment
Stable population, production and consumption.
Development in place of growth
Growth vs Development
Growth: quantitative increase in a system, limited by physical constraints
Development: quantitative improvement in the structure/ functioning of a system
Food systems
Production
Processing
Distribution
Access
Consumption
Waste recovery
Food security:
having physical, social and economic access to sufficient and nutritious food
Causes of food insecurity
Insufficient funds
Inadequate distribution
Prevention of food delivery
War and protracted crises that interfere with agricultire and food distribution
Discrimination that keeps food from reaching marginalized groups
Malnutrition
A state of poor health that results from an inappropriate caloric intake ( too much and too little) or deficiency in one or more nutrients
Undernourishment
When a person does not have enough to eat
Over nutrition:
The consumption of too many calories
Increases susceptibility to diseases
Problem for both poor and wealthy
Cheaper foods tend to be high in calories but deficient in essential nutrients
Industrial food system
Highly mechanized, centralized, efficient, productive
Monoculture, chemical applications, federal subsidies
Has issues of environmental degradation, public health, environmental justice, production of waste, energy inefficiency
Sustainable Agriculture
Farming methods that can be used indefinitely because they do not deplete resources, such as soil and water ( also economically viable and socially ethical)
Organic Agriculture
Farming that does not use synthetic fertilizer, pesticides, GMO’s, or other chemical additives like hormones
Soil
a complex ecosystem of mineral and organic material, including living organisms such as bacteria, invertebrates, and fungi, that supports the growth of plants and in turn, is affected by those plants
Soil Aggregates
clumps of soil produced as organic matter decomposes are beneficial for soil bacteria
How long does it take in years to form one inch of soil?
500-1000 years