Summary to Part III

Alfred Endres () and Volker Radke ()
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Alfred Endres: University of Hagen
Volker Radke: State University Ravensburg

Chapter 11 in Economics for Environmental Studies, 2012, pp 165-165 from Springer

Abstract: 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.

Keywords: United Institute; National Accounts; Natural Resources; Economic Thought; Traditional System (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1007/978-3-642-31193-2_11

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