In this chapter both theory and empirics are used to show that our picture of the processes of economic development changes radically when nature is introduced as a capital asset. Particular features of institutions that fashion societies' use of the natural-resource base are identified and...

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...

The aim of this paper is to describe and discuss the weak and strong sustainability approach of assessing climate change and to show reasonable applications, weaknesses, possible improvements and linkages of both approaches. Main features of "weak" and "strong" sustainability approaches are...

This book develops spatial interaction models for the analysis of human interaction within space, in terms of both accessibility and land use. Presenting case studies on the Azores and Morocco, it covers applications in various regions of Europe and Africa. The respective models simulate land...

The capitalization of ‘certified’ sustainable building sector will be investigated over the power theory of value approach of Jonathan Nitzan and Shimshon Bichler. The study will be initiated by questioning why the environment problems are one of the first items on the agenda and by sharing...