Environmental Kuznets Curve

Written by Ryan McGuine // In the 1950s, Simon Kuznets postulated that as economies become wealthier, the level of inequality there would increase, then decrease. When plotted against income per capita, this creates the inverted-U shaped curve seen below. Around 1991, Gene Grossman and Alan Krueger noted a similar inverted-U shaped relationship between income levels … Continue reading Environmental Kuznets Curve

Energy & Air Pollution

Written by Ryan McGuine // Many sources of energy generate air pollution when consumed. Air pollution is a concern because it has harmful effects on both human health and natural ecosystems. Thus, air pollution generates what are referred to as "negative externalities." In the case of air pollution, that can be anything from healthcare for … Continue reading Energy & Air Pollution