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National Income and Nature: Externalities, Growth and Steady State (Paperback, Softcover reprint of the original 1st ed. 1992)
Loot Price: R2,850
Discovery Miles 28 500
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National Income and Nature: Externalities, Growth and Steady State (Paperback, Softcover reprint of the original 1st ed. 1992)
Series: Economy & Environment, 5
Expected to ship within 10 - 15 working days
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Since the 'environmental revolution' began in the late 1960s,
economists have done a lot of work in the field of economic
theory-building on the preservation of nature. Meanwhile,
environmental economic literature has swelled to a large stream of
articles in journals of different signature. As a result, a
coherent economic view of the phenomenon ofenvironmental
degradation has emerged. Several kinds of 'green' public policies
and their impacts on both nature and the performance of the economy
have been analysed. The feasibility ofspecific types of policy has
also been discussed. The aim of the book is to provide an insight
into the ways economists analyse the problems ofenvironmental
pollution and the depletion ofnatural resource. To this purpose a
number of articles have been selected. Some of them have a
fundamental character, others an applied nature and are foremost,
practically oriented. The presentation of the collection emphasizes
our belief that economists are able to deliver an essential
contribution to the design of policies to protect nature. It is
clear that 'nature' and 'environment' may no longer be regarded as
'free gifts' to society. Rather, they have to be seen as scarce
resources, and environmental disruption and resource depletion as
allocation problems. Ifa natural resource is scarce, a price must
be charged in accordance with the degree ofscarcity since otherwise
society will be confronted with misallocations. In this connection
there are two topics which are of particular interest to
economists.
General
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