£137.60

Routledge Non-Renewable Resources and Disequilibrium Macrodynamics

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Description

Explore foundational economic theories with this Routledge Library Edition. Originally published in 1979, this study investigates whether a competitive economy can efficiently allocate a stock of non-renewable natural resources over time. This academic work examines long-run analyses of competitive economies. It addresses the central question of whether economic mechanisms can guarantee convergence to a socially desirable path of balanced growth. The text highlights the challenges faced when perfect foresight or infinite future markets are absent, making it a vital resource for understanding resource scarcity and market dynamics. This title is a significant addition for those studying environmental and natural resource economics. It provides deep insights into the complexities of resource management and the limitations of current economic models in achieving stable growth patterns.

Key Features

Examines the efficiency of competitive economies in allocating non-renewable natural resource stocks over time.

Analyzes long-run economic models to determine if markets can reach socially desirable balanced growth paths.

Investigates the impact of imperfect foresight and limited future markets on resource pricing and economic stability.

Part of the Routledge Library Editions: Environmental and Natural Resource Economics series.

Provides essential theoretical foundations for students and researchers in the field of environmental economics.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
20 October 2017
Listed Since
09 March 2017

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