Abstract
AbstractThe main part of this chapter discusses poverty in relation to the environmental resource base. It has ten sections; (1) the resource basis of rural production; (2) the characteristics of environmental resources, which are here treated as renewable natural resources; (3) needs, stress, and carrying capacity: land and water; (4) environmental shadow prices, project evaluation, and net national product (NNP); (5) markets and their failure: unidirectional and reciprocal externalities; (6) property rights on land; (7) public failure and the erosion of local commons; and (8) work allocation among women and children and the desirable locus of environmental decisions. An extra and separate section (designated Chapter *10) gives theoretical presentations on four aspects of the net national product in a dynamic economy: (1) the economics of optimal control; (2) NNP in a deterministic environment; (3) the current‐value Hamiltonian as a measure of sustainable well‐being (sustainable development); and (4) future uncertainty.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
