National Income and Nature: Externalities, Growth and Steady State

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 econo...