Ok, Jefferson, I see your point. Capital is defined differently by many people, it's one of those things that makes us human, I guess.

Also, I think that is kind of what the article was addressing (or at least what I got from it): that current inputs are not taken into account.

As for my own balance sheet, I do take time into account. While money values would of course be the clinchers in any decisions, I also look at the time it would take to achieve certain goals. I can either choose to work 7AM-12AM everyday and receive astronomical compensation (either from a high-paying, high pressure job or by doing 2-3 different jobs) or choose a more balanced option. Time does matter to individuals.

Either way, does anyone know how our forests are managed now? Taking what I understand from the article: if we had a defined method for measuring the productive capacity of a forest then we could manage a long-term forestry industry without ending up with the two extremes of a) no forest or b) excess regulation that makes forest use unviable.

http://currentglobalperceptions.blogspot.com/