Psychology of previous investment explained

The "psychology of previous investment" was coined by James Howard Kunstler[1] to describe the sunk costs of the modern urban/suburban lifestyle. It is the reluctance to abandon technologies and standards of urban infrastructure into which humans have already made substantial investments, and is seen as a major contributor to modern energy crises.

See also

References

Notes and References

  1. Web site: Association for the Study of Peak Oil & Gas - USA - Clean Energy Redemption? . 2008-02-17 . dead . https://web.archive.org/web/20080218063515/http://www.aspo-usa.com/index.php?option=com_content&task=view&id=318&Itemid=91 . 2008-02-18 .