Conservation of mass and instability in a dynamic economy-environment system

Research output: Contribution to journalArticle

41 Citations (Scopus)

Abstract

This paper considers a variant of the Neumann-Leontief-Sraffa general equilibrium models in the context of a jointly determined economy environment system subject to a conversation of mass condition. It shows that the conservation of mass contradicts the free disposal, free gifts, and non-innovation assumptions of such models; that an expanding economy will be associated with continuous disequilibrating change in the material transformations of both economy and environment; and that this change is uncontrollable through the price system.

Original languageEnglish (US)
Pages (from-to)199-211
Number of pages13
JournalJournal of Environmental Economics and Management
Volume13
Issue number3
DOIs
StatePublished - 1986
Externally publishedYes

Fingerprint

Conservation
economy
Sraffa
Gift
General equilibrium model
Disposal
material
price

ASJC Scopus subject areas

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

Cite this

Conservation of mass and instability in a dynamic economy-environment system. / Perrings, Charles.

In: Journal of Environmental Economics and Management, Vol. 13, No. 3, 1986, p. 199-211.

Research output: Contribution to journalArticle

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