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Routledge Non-Renewable Resources and Disequilibrium Macrodynamics - Routledge

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£140.78 £128.41 £131.11 £133.81 £136.51 £139.21 £141.91 26 July 2026 13 August 2026 01 September 2026 19 September 2026 08 October 2026
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13 days 62 days · current 0 16 31 47 62 £130 £141 Days at Price

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Most common price: £141 (62 days, 82.7%)

Price range: £130 - £141

Price levels: 2 different prices over 75 days

Description

This seminal study, first published in 1979, examines whether a competitive economy can efficiently allocate non-renewable natural resources over time. Through long-run analysis of competitive economies, the work demonstrates that without perfect foresight or a complete set of future markets extending infinitely into the future, no economic mechanism guarantees initial pricing that enables convergence to a socially desirable balanced growth path. The book addresses fundamental questions about resource allocation, market equilibrium, and economic sustainability in the context of finite natural resource stocks. Essential reading for economists, environmental policy analysts, and students seeking to understand the intersection of natural resource economics, macroeconomic theory, and sustainable development. This Routledge Library Edition republication makes a foundational economics text accessible to contemporary scholars investigating the theoretical underpinnings of resource depletion, intergenerational equity, and market failure in environmental and natural resource management.

Key Features

This Routledge study originally published in 1979 provides foundational analysis of competitive economies managing non-renewable natural resource stocks over extended time periods.

The book examines long-run economic equilibrium and demonstrates why competitive markets may fail without perfect foresight or complete future markets to guarantee optimal resource allocation pathways.

Addresses the critical gap between market prices and socially desirable balanced growth paths, offering theoretical insights for environmental and natural resource economics students.

Routledge Library Editions republication preserves seminal environmental economics scholarship for contemporary research in resource depletion theory and macroeconomic policy development.

Product Specifications

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

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