About Economic DropletsAn environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
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Author Archives: Adam Bailey
A valuation of the Great Barrier Reef illustrates many common issues in the economics of environmental valuation. A recent report by Deloitte Access Economics (1) estimates the asset value of the Great Barrier Reef at A$56 billion (2). This is … Continue reading
Arthur Kroeber’s book on China’s economy includes an excellent section on energy but a rather selective account of its environmental issues. Arthur Kroeber’s book China’s Economy in Oxford University Press’s What Everyone Needs to Know series (1) deserves a wide … Continue reading
National product, measured net of a deduction for depletion of natural resources, can in certain conditions provide some indication of whether current consumption is sustainable. But the conditions are stringent, and even when they are met, other indicators may perform … Continue reading
A critical analysis of Dieter Helm’s ‘Natural Capital: Valuing the Planet’. Contents Introduction The Asset-Based Approach The Importance of Natural Capital Valuing Natural Capital Natural Goods – and Bads Sustainability and Renewable Natural Capital Sustainability and Non-Renewable Natural Capital National … Continue reading