Economy and Environment: A Theoretical Essay on the Interdependence of Economic and Environmental Systems
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Book Details
Author(s)Charles Perrings
PublisherCambridge University Press
ISBN / ASIN0521340810
ISBN-139780521340816
AvailabilityUsually ships in 24 hours
Sales Rank6,641,918
CategoryBusiness & Economics
MarketplaceUnited States 🇺🇸
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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