Studying the interaction of the economy with its environment, this essay shows the 'market solution' to environmental problems generates increasing uncertainty. Num Pages: 196 pages, black & white illustrations. BIC Classification: KCN; TQ. Category: (P) Professional & Vocational. Dimension: 228 x 152 x 11. Weight in Grams: 300. . 2008. Revised ed. paperback. . . . . Books ship from the US and Ireland.

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Bibliographic Details

Title: Economy and Environment: A Theoretical Essay on the Interdependence of Economic and Environmental Systems
Publisher: Cambridge University Press
Publication Date: 2005
Language: English
ISBN 10: 052102076X
ISBN 13: 9780521020763
Binding: Soft cover
Condition: New

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Synopsis

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.

Book Description

A demonstration of how external effects are produced by the interaction of the economy with its environment uses a classical mass-balance model to prove the interdependence of economic activities within a common environment.

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