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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.
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.
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This book, conceived in sorrow, composed in grief, and constructed at the brink of despair, contains my mind's best thoughts, and my soul's triumph over the powers of darkness.
Isaac Mayer Wise
November 17, 1942
Sir Partha Sarathi Dasgupta is the Frank Ramsey Professor Emeritus of Economics at the University of Cambridge, United Kingdom.
An inquiry into well-being and destitution (1993)
Human Well-Being and the Natural Environment (2001)
Economic Theory and Exhaustible Resources (1979)
The control of resources (1982)
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