But they can only do so if the value we, consumers, place upon that thing produced is higher than the costs of production. We start with inputs worth, cumulatively, one amount, we end with the things produced worth some other amount. We’d like people to be adding value - making profits - which does add value overall to our economy, nation, or people. If we insist that everyone pay the real costs, the real and full costs, of their inputs, then the only activity remaining will be that which truly does add value. This is why near every economist insists that the cure for climate change is a carbon tax - tax people the costs of the damage that their carbon emissions cause.
Source: Dhaka Tribune January 12, 2019 19:30 UTC