Assigning Economic Value to Natural Resources

Assigning Economic Value to Natural Resources

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There has been a lot of discussion among policymakers, particularly within the Clinton Administration, about how to make U.S. economic indicators, such as GNP, more accurately reflect the state of the environment. This book explores the major issues and controversies involved in incorporating natural resources and the environment into economic accounts. The first section of the volume, based largely on a three-day workshop of experts in the field, explains the possibilities and pitfalls in so-called qgreenq accounting. This is followed by a selection of nine individually authored papers, including one by Nobel prize winner Robert Solow, that probe scientific aspects of this issues in greater depth.SUSTAINABLE RESOURCE ACCOUNTING 60 resource accounting efforts: those of Robert Repetto and his colleagues ... The value of good aquot;scorekeepingaquot; also depends on timeliness: it does the manager little good to first learn the score after the ball game is over. ... The importance of this observation as it relates to the contribution of resource and environmental accounting to addressing sustainabilityanbsp;...

Title:Assigning Economic Value to Natural Resources
Author:Commission on Geosciences, Environment, and Resources, National Research Council, Division on Earth and Life Studies, Commission on Geosciences, Environment and Resources
Publisher:National Academies Press - 1994-01-01


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