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| Author: | Rees, W. Wackernagel, M. |
| Title: | Monetary analysis: turning a blind eye on sustainability |
| Journal: | Ecological Economics
1999 : APR, VOL. 29:1, p. 47-52 |
| Index terms: | ECOLOGY ECONOMICS SUSTAINABLE DEVELOPMENT |
| Language: | eng |
| Abstract: | Detailed financial analyses are critical for operating in the public domain -- for example, in budgetary planning when deciding to build a school or a hospital. Similarly, business decisions are unthinkable without sound financial planning. However, monetary analyses are fundamentally flawed when it comes to assessing long-term prospects for sustainability, particularly those associated with biophysical resource constraints. The over-riding problem here is really one of misplaced concreteness. |
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