Publication:

Economic Profitability Versus Ecological Entropy

Loading...
Thumbnail Image

Date

2000

Published Version

Journal Title

Journal ISSN

Volume Title

Publisher

Massachusetts Institute of Technology Press
The Harvard community has made this article openly available. Please share how this access benefits you.

Research Projects

Organizational Units

Journal Issue

Citation

Weitzman, Martin L. 2000. Economic profitability versus ecological entropy. Quarterly Journal of Economics 115(1): 237-263.

Abstract

There is a long-standing trade-off in bioculture between concentrating on high-yield varieties and maintaining sufficient diversity to lower the risks of catastrophic infection. The paper uses a simple ecology-based model of endogenous disease to indicate how a local decision to plant more of a widely grown crop creates negative externalities by increasing the probability that new pathogens will evolve to attack the crop globally. Society's basic issue concerns where to locate on an efficiency frontier between economic profitability and a standard formula for ecological entropy—proved here to be a rigorous measure of “generalized resistance” to crop-ecosystem failure.

Description

Other Available Sources

Research Data

Keywords

Terms of Use

This article is made available under the terms and conditions applicable to Other Posted Material (LAA), as set forth at Terms of Service

Endorsement

Review

Supplemented By

Related Stories