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

by Charles Perrings

Overview

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.

Product Details

ISBN-13:	9780521020763
Publisher:	Cambridge University Press
Publication date:	10/06/2005
Edition description:	Revised ed.
Pages:	196
Product dimensions:	6.02(w) x 8.98(h) x 0.28(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.

Editorial Reviews

"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

From the Publisher