A radical change in the economic theory

The concepts of the book Running Out: How Global Shortages Change the Economic Paradigm, (Algora Publishing, New York 2006 and 2008), represents a radical change for the economic theory. The main idea of the book is that the world is facing an unprecedented situation: the global scarcity of natural resources, especially water and petroleum.
The phenomenon already has begun to be visible in many regions of the planet. An oil producer as Indonesia, for example, has exhausted their reserves and had to retire from the OPEC recently.
The oil reserves of the North Sea are in critical situation; the same happen in Mexico and in the United States. The situation of the water reserves is not best. In many regions of the world the water scarcity is already a reality.
The book assures that capital will not be the main scarce factor of production as has been until now. In the near future the natural resources will be the scarce factor of production and this means a complete change for the traditional economics concepts.
The overexploitation of the resources and the contamination of the environment are the causes of the situation.
Only the development of new sources of energy less contaminants, the massive construction of green cars and a policy of reforestation and conservation of the forests that still survive might diminish the impact of the problem. But it is necessary a global effort.
www.pablorafaelgonzalez.com