Macroeconomics and the Environment : Essays on Green Accounting
Salah El. Serafy
Bok Engelsk 2013 · Electronic books.
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| Utgitt | Cheltenham : : Edward Elgar Publishing, , 2013.
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| Omfang | 1 online resource (400 p.)
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| Opplysninger | Description based upon print version of record.. - Cover; Copyright; Contents; Contents; Figures and tables; Preface; Acknowledgements; PART I Introduction; 1. Breaking the ground; 2. Green accounting: history and prospects; 3. The environment as capital; PART II Concepts of income and capital; 4. Income, capital and wealth; 5. Rent and royalty; 6. Hicks's income and Hicksian income; 7. Income from extracting petroleum and controversies over keeping capital intact; 8. Adjusting for disinvestment: in the wake of Brundtland; PART III The user cost and its detractors; 9. Proper calculation of income from depletable natural resources. - 10. Disagreements and misunderstandings11. Hartwick's contribution; PART IV Methodological tools; 12. Depletable resources: fixed capital or inventories?; 13. Sustainability and substitutability: defending weak sustainability; 14. Growth rate after adjustment; 15. Pricing the invaluable: services of the world's ecosystems; PART V Policy matters; 16. Population and national income; 17. Green accounting and economic policy; 18. The 'resource curse': institutions and Dutch disease; 19. Natural resources in World Bank country economic work and Indonesia's experience; 20. Sovereign funds. - PART VI Conclusion21. An afterword; Glossary; Index. - Though scientists and environmentalists have long expressed concern over the rapid deterioration of the global environment, economists have largely failed to recognize the issue's relevance to their field. Salah El Serafy argues for an increased focus on the economic aspects of environmental degradation, calling for a fundamental shift in how economists measure and discuss national income. Through a combination of new material reflecting recent developments in the field and previously published essays that provide a history of green accounting, the author emphasizes the importance of consideri
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| ISBN | 9781781007358
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