Abstract
This paper considers a variant of the Neumann-Leontief-Sraffa general equilibrium models in the context of a jointly determined economy environment system subject to a conversation of mass condition. It shows that the conservation of mass contradicts the free disposal, free gifts, and non-innovation assumptions of such models; that an expanding economy will be associated with continuous disequilibrating change in the material transformations of both economy and environment; and that this change is uncontrollable through the price system.
Original language | English (US) |
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Pages (from-to) | 199-211 |
Number of pages | 13 |
Journal | Journal of Environmental Economics and Management |
Volume | 13 |
Issue number | 3 |
DOIs | |
State | Published - Sep 1986 |
Externally published | Yes |
ASJC Scopus subject areas
- Economics and Econometrics
- Management, Monitoring, Policy and Law