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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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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:
Additional Information: © 1978 Wiley-Blackwell
Divisions: Economics
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q50 - General
Date Deposited: 10 Dec 2010 14:22
Last Modified: 20 Nov 2019 05:57

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