In this book, one of Germany's most influential economists describes his country's economy, the largest in the European Union and the third largest in the world, and analyzes its weaknesses: poor GDP growth performance, high unemployment due to a malfunctioning labor market, and an unsustainable...

I Introduction -- 1 The Problem -- 2 Using the Environment—An Allocation Problem -- II Static Allocation Aspect -- 3 Production Theory and Transformation Space -- 4 Optimal Environmental Use -- 5 Environmental Quality as a Public Good -- 6 Property-Rights Approach to the Environmental Problem...

The book interprets nature and the environment as a scarce resource. It offers a theoretical study of the allocation problem and describes different policy approaches to the environmental problem. The entire spectrum of the allocation issue is studied: The use of the environment in a static...

The book interprets nature and the environment as a scarce resource. It offers a theoretical study of the allocation problem and describes different policy approaches to the environmental problem. The entire spectrum of the allocation issue is studied: The use of the environment in a static...

I. Allocation Policy in a Resource-Exporting Country -- 1. The Role of Resource Exports -- 2. The Impact of the Resource Sector on the Economy -- 3. Intertemporal Allocation -- 4. Some Policy Issues -- II. On the Short-Run and Long-Run Effects of a Resource Boom -- 1. Introduction -- 2. Possible...

This book interprets nature and the environment as a scarce resource. It offers a theoretical study of the allocation problem and describes differentpolicy approaches to the environmental problem. The entire spectrum of the allocation issue is studied: the use of the environment in a static...