Economy and Environment

Charles (University of Auckland) Perrings

Cambridge University Press, 1987

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This essay studies 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. The 'market solution' to environmental problems is shown to generate only increasing uncertainty.

ISBN-13
9780521340816
ISBN-10
0521340810
Publisher
Cambridge University Press
Year
1987
Publication date
1987-09-25
Pages
196
Dimensions
235x161x19
Weight
442