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| Author: | Lawn, P. Sanders, R. |
| Title: | Has Australia surpassed its optimal macroeconomic scale? Finding out with the aid of "benefit" and "cost" accounts and a sustainable net benefit index |
| Journal: | Ecological Economics
1999 : FEB, VOL. 28:2, p. 213-230 |
| Index terms: | ECOLOGY AUSTRALIA WELFARE |
| Language: | eng |
| Abstract: | The sustainable economic welfare of a nation depends largely on the sustainable net benefits the macroeconomy confers to its citizens. For this reason, an optimal macroeconomic scale can be considered one where the physical scale of the macroeconomy and the qualitative nature of the stock of wealth it comprises maximizes a nation's sustainable net benefits. The corollary of this definition is thus: the physical scale of the macroeconomy should grow only if, in the process, the sustainable net benefits of a nation increase. |
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