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I focus on two alternative concepts of sustainability dominating the literature: (i) maximum permanently maintainable consumption level (Fisherian income) and (ii) the amount of consumption that leaves total value of wealth intact (Hicksian income). In the context of a pure exhaustible resource...
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history of applying capital theory to natural resources. However, measurement of the value of ecosystems has mostly focused on …. This chapter develops theory and techniques for measuring natural capital shadow prices or asset values in real world …
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This path-breaking book shows how green accounting can be compatible with ecological economics and how it can contribute to the implementation of sustainability. It explores the history and methodology of green accounting and describes the state-of-the-art construction of green accounts in...
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