Edens, Bram - In: Environmental & Resource Economics 54 (2013) 3, pp. 419-441
(‘practice’) and green accounting (‘theory’): depletion as change in total wealth; depletion as ‘using up’ of the resource …; depletion as net savings; or, depletion as net investment. The differences in assumptions between these measures are clarified …Adjusting national income for depletion is important in order to send correct signals to policy makers. This article …