An Economic Update

My concern with the economy is that the international economy is based on market failure where economic externalities are passed on to the environment and public health. A market failure is a situation in which the price of an item does not properly reflect the cost that is incurred by its production, cradle to grave. Any depletion of natural resource stock or pollution associated with the product's disposal or health effects of its use should be included in the cost of the item in order to control for market failure. I wonder how the economists on the panel feel that New Hampshire could be a leader in an economic transition that would involve reduced consumption of all natural resources, reuse and recycling of materials, drastically reduced dependence on fossil fuel, and internalized economic externalities to the industries that create them? I would like to hear more economists really taking into account the fact that our economy needs to fit into the larger ecosystem and that any economic downturns we will face in the future will be tied to problems created by over-taxing natural resources.