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
[edit]References
[edit]- ^ "Association for the Study of Peak Oil & Gas - USA - Clean Energy Redemption?". Archived from the original on 2008-02-18. Retrieved 2008-02-17.
- The Psychology of Previous Investment - Raise the Hammer
- PetroCollapse New York Conference; October 5, 2005 - Remarks on the subject from Kunstler's website
Well, that’s interesting to know that Psilotum nudum are known as whisk ferns. Psilotum nudum is the commoner species of the two. While the P. flaccidum is a rare species and is found in the tropical islands. Both the species are usually epiphytic in habit and grow upon tree ferns. These species may also be terrestrial and grow in humus or in the crevices of the rocks.
View the detailed Guide of Psilotum nudum: Detailed Study Of Psilotum Nudum (Whisk Fern), Classification, Anatomy, Reproduction