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Summary to Part III

In: Economics for Environmental Studies

Author

Listed:
  • Alfred Endres

    (University of Hagen)

  • Volker Radke

    (State University Ravensburg)

Abstract

Large parts of the natural environment are excluded from the mainstream of economic thinking. Basic models of economic growth neglect the productive character of natural resources completely. The procedure of accounting for the flows of national product applied in the traditional system of national accounting does not account for productive services of natural resources which are not controlled by institutional units. In computing national wealth, the SNA neglects natural assets which are either not owned by institutional units or not of economic value to their owners.

Suggested Citation

  • Alfred Endres & Volker Radke, 2012. "Summary to Part III," Springer Texts in Business and Economics, in: Economics for Environmental Studies, edition 127, chapter 11, pages 165-165, Springer.
    • Handle: RePEc:spr:sptchp:978-3-642-31193-2_11
    DOI: 10.1007/978-3-642-31193-2_11
    as

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