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An environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
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Author Archives: Adam Bailey
Anyone who has followed the news in the UK over the last year will have heard plenty about COP26 and Extinction Rebellion, and about extreme heat, forest fires and melting ice in various parts of the world. UK policy on … Continue reading
At what rate should an essential non-renewable resource be depleted to sustain an economy for as long as possible? Suppose the inputs of a closed economy consist of produced capital, a non-renewable resource and labour . Output is of a … Continue reading
The relevance to the Hartwick Rule of depreciation of produced capital is not widely understood. Suppose the inputs of a closed economy consist of produced capital K, a non-renewable resource R and labour L. It produces a single good which … Continue reading