Abstract: The economic system of innovative dynamism is often accused of harming the environment. The opposite is true. As economies flourish through innovative dynamism, birth rates decline, new ways to extract old resources are invented, and previously useless materials are turned into useful new resources. Human and nonhuman animals are often adaptable and resilient in the face of environmental change. Flourishing economies can better afford to protect current species, create new species, and possibly revive some currently extinct species. The rate of global warming is likely to be slow enough that humans and most nonhuman species can adapt to it. If the rate quickens and creates high costs, entrepreneurial geoengineering, enabled within the system of innovative dynamism, can slow or even reverse the warming. We should not shackle the innovative-dynamism system that enables us to live long and flourish.
Keywords: Innovative dynamism, environmental economics, population growth, climate change, global warming
Download PDF: “Innovative Dynamism Improves the Environment”