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strategy follows logically from accepting the shortcomings of GDP (per capita) as an indicator of social welfare. It will be … betterment, which lead to lower realizations of social welfare than are in fact feasible. I will further discuss the idea of …
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When confronted with market weaknesses and failures determining sustainability problems for environmental common-pool resources, economic analysis has proposed government intervention as the only alternative available. Elinor Ostrom showed that this dichotomy between market and government is not...
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