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National income, welfare and the environment

Marin, Alan (1978) National income, welfare and the environment. Review of Income and Wealth, 24 (4). pp. 415-428. ISSN 0034-6586

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Abstract

This article explores the assumptions underlying present definitions of national income in its principal uses, and considers the alterations that would be needed to allow for the inclusion of environmental quality. A numerical example illustrates the impact of alternative measures. The discussion concludes that if we want national income to conform more closely to theoretical concepts of welfare indices, then we need to include a proxy for those environmental services that would not be completely free goods if it were possible to overcome their inherent non-marketability. The least unsatisfactory proxy would be the spending on environmental protection.

Item Type: Article
Official URL: http://www.wiley.com/bw/journal.asp?ref=0034-6586
Additional Information: © 1978 Wiley-Blackwell
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
Journal of Economic Literature Classification System: Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q50 - General
Sets: Departments > Economics
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 10 Dec 2010 14:22
URL: http://eprints.lse.ac.uk/30666/

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