{"product_id":"economy-and-environment-a-theoretical-essay-on-the-interdependence-of-economic-and-environmental-systems-paperback-9780521020763","title":"Economy and Environment; A Theoretical Essay on the Interdependence of Economic and Environmental Systems (Paperback \/ softback) 9780521020763","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eEconomy and Environment\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eA Theoretical Essay on the Interdependence of Economic and Environmental Systems\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eStudying the interaction of the economy with its environment, this essay shows the 'market solution' to environmental problems generates increasing uncertainty.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eCharles Perrings (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521020763, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 6 October 2005\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e196 pages\u003cbr\u003e22.8 x 15.3 x 0.7 cm, 0.304 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"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\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eEnvironmental 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface\u003cbr\u003e Notation guide\u003cbr\u003e 1. Introduction\u003cbr\u003e Part I. The Physical Economy-Environment System: 2. Closed physical systems: a model\u003cbr\u003e 3. Structure and time in the physical system\u003cbr\u003e 4. Technological change and the environmental constraints to physical growth\u003cbr\u003e Part II. The Economic System: 5. The price system\u003cbr\u003e 6. Prices, property, and the environment\u003cbr\u003e 7. Economic conflict and environmental change\u003cbr\u003e Part III. Environmental Strategies in an Evolutionary Economy-Environment System: 8. Time, uncertainty, and external effects\u003cbr\u003e 9. The market solution\u003cbr\u003e 10. The stationary state\u003cbr\u003e 11. Conclusions\u003cbr\u003e References\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Environmental economics [\u003ca title=\"See our other books on Environmental economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Environmental%20economics%20%5BKCN%5D%22\"\u003eKCN\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46006161375512,"sku":"9780521020763","price":30.89,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521020763i.jpg?v=1694963495","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/economy-and-environment-a-theoretical-essay-on-the-interdependence-of-economic-and-environmental-systems-paperback-9780521020763","provider":"Freshly Printed Books","version":"1.0","type":"link"}