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In the quantitative models that appear in leading economics journals and textbooks, nature is taken to be a fixed, indestructible factor of production. The problem with the assumption is that it is wrong: nature consists of degradable resources.

Partha Dasgupta
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As proposals for estimating the social scarcity prices of natural resources remain contentious, economic accountants ignore them and governments remain wary of doing anything about them.

Partha Dasgupta

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Partha Dasgupta

Partha Dasgupta
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Born: November 17, 1942 (age 82)
Bio: Sir Partha Sarathi Dasgupta is the Frank Ramsey Professor Emeritus of Economics at the University of Cambridge, United Kingdom.
Known for:
  1. Economics (2007)
  2. An inquiry into well-being and destitution (1993)
  3. Human Well-Being and the Natural Environment (2001)
  4. Economic Theory and Exhaustible Resources (1979)
  5. The control of resources (1982)

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