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Economy and Environment: A Theoretical Essay on the Interdependenc
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- Buy It NowEconomy and Environment: A Theoretical Essay on the Interdependence of Economic
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eBay item number:156096739898
Item specifics
- Condition
- ISBN-13
- 9780521340816
- UPC
- Does not apply
- Publication Year
- 1987
- Type
- Textbook
- Format
- Hardcover
- Language
- English
- Book Title
- Economy and Environment: A Theoretical Essay on the Interdependence of Economic and Environmental Systems
- Item Height
- 229mm
- Publisher
- Cambridge University Press
- Topic
- Economics, Engineering & Technology
- Item Width
- 152mm
- Item Weight
- 460g
- Number of Pages
- 196 Pages
About this product
Product Information
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 economice. 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.
Product Identifiers
Publisher
Cambridge University Press
ISBN-13
9780521340816
eBay Product ID (ePID)
96529393
Product Key Features
Book Title
Economy and Environment: A Theoretical Essay on the Interdependence of Economic and Environmental Systems
Format
Hardcover
Language
English
Topic
Economics, Engineering & Technology
Publication Year
1987
Type
Textbook
Number of Pages
196 Pages
Dimensions
Item Height
229mm
Item Width
152mm
Item Weight
460g
Additional Product Features
Country/Region of Manufacture
United Kingdom
Item description from the seller
Business seller information
Value Added Tax number:
- AU 82107909133
- GB 293967539
Seller assumes all responsibility for this listing.
eBay item number:156096739898
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