Does the invisible hand have a green thumb? Incentives, linkages, and the creation of wealth out of industrial waste in Victorian England
Bibliographic record
Abstract
‘Loop closing’, that is, the creation of waste recycling linkages between different industries, has been hailed as a means of simultaneously achieving improved economic and environmental performance. As a result of the widespread assumption that traditional market incentives and institutions are not conducive to such an outcome, however, there remains a fair amount of scepticism as to what the capacity of business self‐interest to promote this behaviour actually is. This article challenges the dominant negative perspective by discussing by‐product development in one of the most market‐oriented societies in human history, Victorian England. Building on nineteenth and early twentieth century writings on the topic, as well as a more detailed analysis of the development of valuable by‐products from highly problematic iron and coal gas production residuals, a case is made that the search for increased profitability within the context of private property rights often simultaneously promoted economic and environmental progress in the long run, as well as on different geographical scales.
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How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.001 | 0.002 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.001 | 0.001 |
| Science and technology studies | 0.004 | 0.007 |
| Scholarly communication | 0.005 | 0.002 |
| Open science | 0.001 | 0.003 |
| Research integrity | 0.001 | 0.001 |
| Insufficient payload (model declined to judge) | 0.005 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".