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Malte Faber, John Proops, Stefan Speck, Frank Jöst - Capital and Time in Ecological Economics, Inbunden

Inbunden, Engelska, 1999

Capital and Time in Ecological Economics

Neo-Austrian Modelling

Av Malte Faber, John Proops, Stefan Speck, Frank Jöst

Del i serien Advances in Ecological Economics series

2287 kr

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Beskrivning
This ground-breaking book focuses on neo-Austrian capital theory and its application to the modelling of long-run economy-environment interactions.The book begins by presenting an overview of the modelling approach and offers an historical survey of capital theory and its development. The authors then provide a detailed introduction to the neo-Austrian modelling technique and extend it to include time horizons and growth models. The model is then applied to environmental issues such as green national accounts, resource rents and climate change to show how the neo-Austrian approach gives fresh and illuminating insights. An empirical application to the iron and steel industry is also presented.Capital and Time in Ecological Economics will be of interest to ecological and environmental economists, economic capital theorists and all those following developments in the neo-Austrian approach to economics.
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Mer om författaren

Malte Faber, Professor Emeritus of Economics, University of Heidelberg, Germany, John Proops, formerly Professor of Ecological Economics, School of Politics, International Relations and the Environment, Keele University, UK and Stefan Speck, Project Manager, European Environment Agency (EEA) Denmark, with Frank Jöst, Assistant, Alfred Weber Institute, University of Heidelberg, Germany

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'This book is a wonderfully clear presentation of Neo-Austrian capital theory with extensions to economies which use natural resources, which emit pollution, and which have recycling possibilities. It will be of interest to economists interested in capital theory and to environmental economists interested in finding non-neoclassical tools with which to analyze environmental problems. . . Overall, this volume represents an excellent introduction to neo-Austrian capital theory, an ambitious attempt to incorporate environmental degradation and natural resource depletion into a neo-Austrian model, and a strong argument for considering activity analysis instead of smooth production functions in both theoretical and applied economics.'

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