Optimal rate of natural resource depletion

We have written a critique of the doctrine that the rate of resource depletion is best determined by the market system. As a matter of internal logic, the free enterprise doctrine implicitly assumes that resource limitations do not constrain economic growth, and proceeds through discounting and other arguments to conclude what was really assumed. Nor does the doctrine account for the factors that have substantially affected the actual rate of depletion. The doctrine implicitly and erroneously assumes that a stylized US tenure system is predominant throughout the world. Nor again does it account for the determination of the peripheral margin of extraction.