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The meaning of sustainability is the subject of intense debate among environmental and resourceeconomists. Perhaps no other issue separates more the traditional economic view of the naturalworld from the views of most natural scientists. The debate currently focuses on the...
Persistent link: https://www.econbiz.de/10011299969
Persistent link: https://www.econbiz.de/10013175875
The equilibrium conditions for an economic system that produces output with several factors of production and which is subject to technological constraints are derived. Optimization of either output minus cost or integrated utility yields the conditions that output elasticities must be equal to...
Persistent link: https://www.econbiz.de/10010264671
The meaning of sustainability is the subject of intense debate among environmental and resourceeconomists. Perhaps no other issue separates more the traditional economic view of the naturalworld from the views of most natural scientists. The debate currently focuses on the...
Persistent link: https://www.econbiz.de/10010325627
In their 1963 classic Scarcity and Growth Howard Barnett and Chandler Morse argued that resource scarcity did not threaten economic growth. A second investigation in the late 1970s, Scarcity and Growth Reconsidered, reached largely the same conclusion. The 25 years since that work was published...
Persistent link: https://www.econbiz.de/10009445434
The nature of energy and material resources in an endogenous growth theory framework is clarified. This involves three modifications of the conventional theory. Firstly, multiple feedback mechanisms or “growth engines” are identified. Secondly, a production function distinguishes between...
Persistent link: https://www.econbiz.de/10005504969
The meaning of sustainability is the subject of intense debate among environmental and resourceeconomists. Perhaps no other issue separates more the traditional economic view of the naturalworld from the views of most natural scientists. The debate currently focuses on the...
Persistent link: https://www.econbiz.de/10011257364
The nature of energy and material resources in an endogenous growththeory framework isclarified. This involves three modifications of the conventionaltheory. Firstly, multiple feedbackmechanisms or “growth engines” are identified. Secondly, a productionfunction distinguishesbetween resource...
Persistent link: https://www.econbiz.de/10011257475
The meaning of sustainability is the subject of intense debate among environmental and resource economists. Perhaps no other issue separates more the traditional economic view of the natural world from the views of most natural scientists. The debate currently focuses on the substitutability...
Persistent link: https://www.econbiz.de/10005281741
The nature of energy and material resources in an endogenous growththeory framework isclarified. This involves three modifications of the conventionaltheory. Firstly, multiple feedbackmechanisms or “growth engines” are identified. Secondly, a productionfunction distinguishesbetween resource...
Persistent link: https://www.econbiz.de/10010324532