Further problems with neoclassical environmental economics

Environmental Ethics 16 (2):161-171 (1994)

Abstract
We examine the merits of neoclassical environmental economics and discuss alternative approaches to it. We argue that the basic assumptions of the neoclassical approach, embodied in the indifference curve, make that model inappropriate for environmental analysis. We begin by assuming that the basic postulates of the neoclassical model hold and then argue that even this ideal state is incompatible with environmental sustainability. We discuss the role of the discount rate, the exclusive emphasis on marginal choices, and the assumption of perfect information
Keywords Applied Philosophy  General Interest
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ISBN(s) 0163-4275
DOI 10.5840/enviroethics199416230
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