Economy and Environment: A Theoretical Essay on the Interdependence of Economic and Environmental Systems...

— —

Charles Perrings (University of Auckland)

Economy and Environment

A Theoretical Essay on the Interdependence of Economic and Environmental Systems

Charles Perrings (University of Auckland)

$193.95

Hardback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Cambridge University Press
15 February 1988

Environmental economics

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.

By: Charles Perrings (University of Auckland)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Dimensions: Height: 229mm, Width: 152mm, Spine: 14mm
Weight: 460g
ISBN: 9780521340816
ISBN 10: 0521340810
Pages: 196
Publication Date: 15 February 1988
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Preface; Notation guide; 1. Introduction; Part I. The Physical Economy-Environment System: 2. Closed physical systems: a model; 3. Structure and time in the physical system; 4. Technological change and the environmental constraints to physical growth; Part II. The Economic System: 5. The price system; 6. Prices, property, and the environment; 7. Economic conflict and environmental change; Part III. Environmental Strategies in an Evolutionary Economy-Environment System: 8. Time, uncertainty, and external effects; 9. The market solution; 10. The stationary state; 11. Conclusions; References; Index.

Reviews for Economy and Environment: A Theoretical Essay on the Interdependence of Economic and Environmental Systems

The journal is attractively produced and contains both applied and theoretical papers and a policy forum section in each of the first year's issues...the journal deserves a place on the library shelves of universities and government ministries of planning and resources. Neil Adger, Nature