Want a way out of the recession? Create jobs by saving resources

Without a new paradigm now, we are heading for a situation where millions will be confined to unemployment, while global warming, environmental pollution and wastage of resources will be simultaneously aggravated. SMU adjunct faculty Joergen Oerstroem Moeller writes that the “key is to face the music and start the politically agonising, economically needed and ecologically imperative process of changing relative factor prices.”