Economic growth and the environment1997

This book considers the possibility of adjusting traditional economic measures of income and welfare to account for natural resources extraction and environmental degradation. It presents and reviews the limitations of an operational method for measuring income from resource extraction in both open and closed economies. The author challenges the view that environmental degradation is best included in welfare measurement and argues that many of the proposals for adjusted welfare measures are better interpreted as adjustments of national income. Economic Growth and the Environment will be indispensable to environmental accountants, environmental organizations interested in green accounting and students studying sustainability issues.