Skip to content
Register Sign in Wishlist

Economy and Environment
A Theoretical Essay on the Interdependence of Economic and Environmental Systems


  • Date Published: October 2005
  • availability: Available
  • format: Paperback
  • isbn: 9780521020763

£ 23.99

Add to cart Add to wishlist

Other available formats:
Hardback, eBook

Looking for an inspection copy?

This title is not currently available on inspection

Product filter button
About the Authors
  • Environmental external effects are evidence of the inability of market prices to reflect the interdependence of economic activities undertaken within a common environment. They are an essential - not a peripheral - feature of all market economics. This essay shows how external effects are produced by the interaction of the economy with its environment, using a classical mass-balance model. No matter how efficient the market may seem to be, the use of market prices to determine depletion and pollution decisions creates more problems than it solves. Far from sharing the stable or relatively stable equilibrium properties of most economic models, the market economy is shown to be forced by its environment through a seemingly chaotic sequence of states. Reliance on the market to accommodate each change of direction merely exaggerates the general instability of the system. The 'market solution' to environmental problems is shown to generate only increasing uncertainty, a progressive myopia, and a heightened risk of conflict.

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity


    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?


    Product details

    • Date Published: October 2005
    • format: Paperback
    • isbn: 9780521020763
    • length: 196 pages
    • dimensions: 228 x 153 x 7 mm
    • weight: 0.304kg
    • availability: Available
  • Table of Contents

    Notation guide
    1. Introduction
    Part I. The Physical Economy-Environment System:
    2. Closed physical systems: a model
    3. Structure and time in the physical system
    4. Technological change and the environmental constraints to physical growth
    Part II. The Economic System:
    5. The price system
    6. Prices, property, and the environment
    7. Economic conflict and environmental change
    Part III. Environmental Strategies in an Evolutionary Economy-Environment System:
    8. Time, uncertainty, and external effects
    9. The market solution
    10. The stationary state
    11. Conclusions

  • Author

    Charles Perrings, University of Auckland

Sign In

Please sign in to access your account


Not already registered? Create an account now. ×

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner Please see the permission section of the catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Continue ×

Find content that relates to you

Join us online

This site uses cookies to improve your experience. Read more Close

Are you sure you want to delete your account?

This cannot be undone.


Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

Please fill in the required fields in your feedback submission.