Thomas Aronsson, Professor of Economics, the late Karl-Gustaf Löfgren, formerly Professor of Economics and Kenneth Backlund, Assistant Professor of Economics, Umeå University, Sweden

'Green accounting lies at the core of modern environmental economics. In this important book, Thomas Aronsson, Karl-Gustaf Lofgren and Kenneth Backlund make an important contribution by focussing on green accounting in economies which are not in a first-best equilibrium. The book includes analyses of non-Pigouvian and distortionary taxation, externalities arising from transboundary pollution, imperfect competition, distributional issues and uncertainty. The approach is suitably formal and the policy relevance of each topic is discussed extensively. I can warmly recommend the book to all those who are interested in the theory as well as the applications of green accounting.'

• Contents: Preface 1. Introduction 2. Our Workhorse: The Brock Model 3. A Money-Metrics Version of Weitzman’s Welfare Theorem 4. An Almost Practical Step Towards Green Accounting? 5. Green Accounting and Distortionary Taxation 6. Green Accounting and Green Taxes in the Global Economy 7. Numerical Applications: Dynamic Global Economy Models 8. Three Emerging Issues in Social Accounting 9. Welfare Measurement under Uncertainty Appendices References Index

Thomas Aronsson, Professor of Economics, the late Karl-Gustaf Löfgren, formerly Professor of Economics and Kenneth Backlund, Assistant Professor of Economics, Umeå University, Sweden

'Green accounting lies at the core of modern environmental economics. In this important book, Thomas Aronsson, Karl-Gustaf Lofgren and Kenneth Backlund make an important contribution by focussing on green accounting in economies which are not in a first-best equilibrium. The book includes analyses of non-Pigouvian and distortionary taxation, externalities arising from transboundary pollution, imperfect competition, distributional issues and uncertainty. The approach is suitably formal and the policy relevance of each topic is discussed extensively. I can warmly recommend the book to all those who are interested in the theory as well as the applications of green accounting.'

• Contents: Preface 1. Introduction 2. Our Workhorse: The Brock Model 3. A Money-Metrics Version of Weitzman’s Welfare Theorem 4. An Almost Practical Step Towards Green Accounting? 5. Green Accounting and Distortionary Taxation 6. Green Accounting and Green Taxes in the Global Economy 7. Numerical Applications: Dynamic Global Economy Models 8. Three Emerging Issues in Social Accounting 9. Welfare Measurement under Uncertainty Appendices References Index