Economy and Environment

Name: Economy and Environment
Brand: Cambridge University Press
SKU: 9780521020763
Price: 46.65 EUR
Availability: InStock

A Theoretical Essay on the Interdependence of Economic and Environmental Systems

Автор: Charles Perrings

Език:

Корици: С меки корици

Издател: Cambridge University Press

Наличност: Външен склад

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46.65 € 91.25 лв

Environmental external effects are evidence of the inability of market prices to reflect the interde...

Информация за книгата

Автор

Charles Perrings

Език

Английски език

Корици

Книга - С меки корици

Издадена

2005

страници

196

EAN

9780521020763

ISBN

052102076X

Enbook ID

02018152

Издател

Cambridge University Press

Теглоt

304

Размери

153 x 228 x 7

Пълно описание

Environmental external effects are evidence of the inability of market prices to reflect the interdependence of economic activities undertaken within a common environment. They are an essential - not a peripheral - feature of all market economics. This essay shows how external effects are produced by the interaction of the economy with its environment, using a classical mass-balance model. No matter how efficient the market may seem to be, the use of market prices to determine depletion and pollution decisions creates more problems than it solves. Far from sharing the stable or relatively stable equilibrium properties of most economic models, the market economy is shown to be forced by its environment through a seemingly chaotic sequence of states. Reliance on the market to accommodate each change of direction merely exaggerates the general instability of the system. The 'market solution' to environmental problems is shown to generate only increasing uncertainty, a progressive myopia, and a heightened risk of conflict.

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Economy and Environment

A Theoretical Essay on the Interdependence of Economic and Environmental Systems

Информация за книгата

Пълно описание

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