Natural Capitalism

August 30, 1999
Hawken (The Ecology of Commerce) and Amory and Hunter Lovins of the Rocky Mountain Institute, an environmental think tank, have put together an ambitious, visionary monster of a book advocating "natural capitalism." The short answer to the logical question (What is natural capitalism?) is that it is a way of thinking that seeks to apply market principles to all sources of material value, most importantly natural resources. The authors have two related goals: first, to show the vast array of ecologically smart options available to businesses; second, to argue that it is possible for society and industry to adopt them. Hawken and the Lovinses acknowledge such barriers as the high initial costs of some techniques, lack of knowledge of alternatives, entrenched ways of thinking and other cultural factors. In looking at options for transportation (including the development of ultralight, electricity-powered automobiles), energy use, building design, and waste reduction and disposal, the book's reach is phenomenal. It belongs to the galvanizing tradition of Frances Moore Lapp 's Diet for a Small Planet and Stewart Brand's The Whole Earth Catalog. Whether all that the authors have organized and presented so earnestly here can be assimilated and acted on by the people who run the world is open to question. But readers with a capacity for judicious browsing and grazing can surely learn enough in these pages to apply well-reasoned pressure. Charts and graphs, with accompanying CD-ROM.

September 1, 1999
Hawken is the author of "The Ecology of Commerce" (1993) and is best known for his PBS series "Growing a Business." Amory and Hunter Lovins founded the Rocky Mountain Institute, which promotes efficient resource use, and Amory has been called the "godfather" of alternative energy. The three have joined forces here to set a blueprint for sustainable development. The authors argue that it is possible for companies to reduce energy and materials consumption by up to 90 percent but still increase profits, production, and employment. They outline the four strategies that underlie "natural capitalism" and, using hypercars and neighborhood land use and superefficient buildings as examples, show how these strategies are being applied. They also identify ways resources are being wasted and explain the principles of "resource productivity." Throughout their book, the authors indicate new business opportunities that will be created by practicing "natural capitalism." Accompanying the book will be a CD composed of "KnowledgeMaps," which will be "visual, interactive conceptual models" that complement the material in each chapter and include hyperlinks to relevant sites on the Internet. ((Reviewed September 1, 1999))(Reprinted with permission of Booklist, copyright 1999, American Library Association.)