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Economy and Environment: A Theoretical Essay on the Interdependence of Economic and Environmental Systems - Couverture souple

Perrings, Charles

 
9780521020763: Economy and Environment: A Theoretical Essay on the Interdependence of Economic and Environmental Systems
Couverture souple
ISBN 10 : 052102076X ISBN 13 : 9780521020763
Editeur : Cambridge University Press, 2008

Synopsis

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 economics. 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.

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Présentation de l'éditeur

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 economics. 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.

Revue de presse

"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

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Cambridge University Press
Date d'édition
2008
Langue
anglais
ISBN 10 
052102076X
ISBN 13 
9780521020763
Reliure
Broché
Nombre de pages
196
Coordonnées du fabricant
non disponible
Personne responsable
Avery
https://www.avery.fr/

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Dardilly
France

Autres éditions populaires du même titre

9780521340816: Economy and Environment: A Theoretical Essay on the Interdependence of Economic and Environmental Systems

Edition présentée

ISBN 10 :  0521340810 ISBN 13 :  9780521340816
Editeur : Cambridge University Press, 1987
Couverture rigide