chapter seven
BIOPHYSICAL LIMITS TO ECONOMIC GROWTH:
The Neoclassical Economic Perspective
learning objectivesAfter reading this chapter you should be familiar with the following: | • fundamental premises of the neoclassical economic perspective of natural resource scarcity; |
| • why neoclassical economists are skeptical about the gloom-and-doom prophecies of the Malthusian variations; |
| • why the finiteness or absolute scarcity of natural resources should not be viewed as an ultimate deterrent to continued economic growth; |
| • the significance of differentiating between “general” and “specific” natural resource scarcity; |
| • the empirical evidence against the classical doctrine of increasing resource scarcity over time; |
| • some of the major criticisms of the neoclassical economists ‘empirical evidence for increasing natural resource abundance and their unguarded optimism concerning continued rapid resource-saving technical progress; |
| • the neoclassical perspectives of population and environmental problems. |
-134-
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information:
Book title: Principles of Environmental Economics:Economics, Ecology and Public Policy.
Contributors: Ahmed M. Hussen - Author.
Publisher: Routledge.
Place of publication: London.
Publication year: 2000.
Page number: 134.
This material is protected by copyright and, with the exception of fair use, may
not be further copied, distributed or transmitted in any form or by any means.
One moment ...
- Georgia
- Arial
- Times New Roman
- Verdana
- Courier/monospaced
Reset