Major economic and environmental crises stem from imperfections in
the land market, yet the theory which explains the allocation and
value of natural resources is relegated to the periphery of social
science and ignored by policy-makers. This is the thesis advanced
by the authors who argue that problems ranging from the
deforestation of the Amason basin to urban decay can be traced to a
common factor: the failure to put a proper value on the resources
of nature. Western governments have in recent years freed the
labour and capital markets of restrictive practices and exchange
controls, but restrictions on the land market have escaped
attention so that policy decisions continue to be made in ignorance
of social, economic and ecological consequences of shifts in the
supply and price of land. This book explains how the malfunctioning
of the land market affects economic performance, the distribution
of income and the use of abuse of natural resources. It retrieves a
classical theory of economics from limbo and explains how the
market mechanism, if made to work properly, collaborates
sympathetically with strategies aimed at enhancing the environment
and conserving finite resources. To demonstrate the practicality of
their argument, the authors have valued the land and natural
resources of Britain - the first authoritative assessment since
William the Conqueror's Domesday Book. They claim that, given a
similar valuation, any country could develop a sustainable
framework for the complex interactions of social, economic and
ecological variables. They compare the unreliability of statistics
in the United States with the comprehensive valuation available in
Denmark.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
