Economy and Environment: A Theoretical Essay on the Interdependence of Economic and Environmental Systems / Edition 1

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Environmental external effects are evidence of the inability of market prices to reflect the interdependence of economic activities undertaken within a common environment, and are an essential feature of all market economies. This book shows how external effects are produced by the interaction of the economy with its environment, using a classical mass-balance model.

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"The journal is attractively produced and contains both applied and theoretical papers and a policy forum section in each of the first year's issues....the journal deserves a place on the library shelves of universities and government ministries of planning and resources." Neil Adger, Nature
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Product Details

  • ISBN-13: 9780521340816
  • Publisher: Cambridge University Press
  • Publication date: 1/28/1987
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 196
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.55 (d)

Table of Contents

Preface; Notation guide; 1. Introduction; Part I. The Physical Economy-Environment System: 2. Closed physical systems: a model; 3. Structure and time in the physical system; 4. Technological change and the environmental constraints to physical growth; Part II. The Economic System: 5. The price system; 6. Prices, property, and the environment; 7. Economic conflict and environmental change; Part III. Environmental Strategies in an Evolutionary Economy-Environment System: 8. Time, uncertainty, and external effects; 9. The market solution; 10. The stationary state; 11. Conclusions; References; Index.

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