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Author: | Opschor, H. Straaten, Jan van der |
Title: | Sustainable development: an institutional approach |
Journal: | Ecological Economics
1993 : VOL. 7:3, p. 203-222 |
Index terms: | ECONOMIC GROWTH INSTITUTIONAL ECONOMICS ECONOMIC THEORY NATURAL RESOURCES ENVIRONMENTAL PROTECTION |
Language: | eng |
Abstract: | The prevailing patterns of economic growth are ecologically not viable. A new economics policy is likely to be needed. The notion of "sustainable development" will have to be incorporated into economic theory with repercussions for, among other things, /1/ the treatment of natural resurces as factors of production, /2/ valuation theory, /3/ the evaluation of market forces. The Dutch abetement policy regarding acid rain is analysed in this respect. |
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