Economists treat economics as if it is a pure science divorced from the facts of life. The result of this false accountancy is a willful confusion under cover of which industry wreaks its havoc scot-free and ignores the environmental cost.

Summary

This quote criticizes economists for approaching economics as a detached and purely theoretical science, detached from the realities of life. The speaker argues that this approach leads to a deliberate confusion, where the negative impacts and costs that industries inflict on the environment are neglected and ignored. By treating economics as a separate realm from the actual consequences and real-world factors, industries can continue to cause damage without being held accountable. The quote suggests a need to incorporate environmental costs and considerations into economic analysis to ensure responsible and sustainable practices.

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