Environmental Economics: Introduction to Environmental Economics

In the early tradition of economic thought, laid down by the classical and neo-classical economists, economics was conceived as the study of the allocation of scarce resources among alternative, competing ends, in the quest to satisfy human wants. The classical and neo-classical economists underestimated the environmental issues of production and consumption, since they considered these as social issues. Consequently, the impacts of production and consumption on the natural environment were not explicitly brought into the mainstream of economic theory. The environment was taken as given and can last ad infinitum.

• | Author: Michelle M. O.
• | Publisher: Independently Published
• | Publication Date: May 28, 2024
• | Number of Pages: 52 pages
• | Binding: Paperback or Softback
• | ISBN-13: 9798326928870