Business’s Environmental Responsibilities
QUESTIONS
1. How would you defi ne a sustainable business? What are the three pillars of sustainability?
2. Give examples of at least two market failures and explain how they rep- resent challenges to the free market understanding of business’s environ- mental responsibilities.
3. What is the difference between consumer desires and citizen beliefs? How is this distinction relevant to business’s environmental responsibility?
4. What is the circular fl ow model of economic transactions? Explain how this model differs from the sustainable economics of Herman Daly.
5. Explain the four guiding principles of natural capitalism as developed by Lovins, Lovins, and Hawken.