
Valuing Water as the Good It Is, Not the Good It Was
As discussed previously, economist David Zetland wants us to understand the difference between water scarcity and water shortage. Water scarcity, he says, is a perception. We worry that there may not be enough water to meet our needs, the needs of the environment, and the needs of agriculture and other business. Water shortage, on the other hand, is a fact. In the midst of a shortage there is no water to be had, at any price. Effectively managing water scarcity can prevent water shortages. Continue Reading →