About Economic Droplets
An environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
© Adam Bailey and Economic Droplets, 2012-2021.
Tag Archives: sustainability
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
Long-term forecasting of the aggregate production function is essential for assessing sustainability, but very difficult. Is our current living standard sustainable? Or does depletion of non-renewable natural resources such as fossil fuels and metal ores mean that it must eventually … Continue reading
National product, calculated net of a deduction for depletion of natural resources, could in theory provide some indication of whether current consumption is permanently sustainable. But the conditions that would be needed to make net national product into a practical … 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