Category Archives: Environment (general)

Improving on GDP

The winning entries for the Indigo Prize highlight both the importance of improving economic statistics and some of the challenges of doing so. The launch of the Indigo Prize by LetterOne is a welcome initiative which recognises both the limitations … Continue reading

Posted in Environment (general), Macroeconomic Theory | Tagged , , , , , , , | Leave a comment

A Valuation Case Study: the Great Barrier Reef

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

Posted in Environment (general) | Tagged , , , , , , , , | Leave a comment

Energy and Environment in China

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

Posted in Energy, Environment (general) | Tagged , , , , , , , , | Leave a comment

Managing Natural Capital

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

Posted in Environment (general) | Tagged , , , , , , | Leave a comment