Economy and Environment: A Theoretical Essay on the Interdependence of Economic and Environmental Systems PDF
196 Pages·1987·4.633 MB·English
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Preview Economy and Environment: A Theoretical Essay on the Interdependence of Economic and Environmental Systems
Description:
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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