Robert Costanza Quote

Real economic efficiency implies including all resources that affect sustainable human well-being in the allocation system, not just marketed goods and services. Our current market allocation system excludes most non-marketed natural and social capital assets and services that are critical contributors to human well-being. The current economic model ignores this and therefore does not achieve real economic efficiency. A new, sustainable ecological economic model would measure and include the contributions of natural and social capital and could better approximate real economic efficiency.


p. 46 - Toward a New Sustainable Economy, 2008

Picture Quote 1

Real economic efficiency implies including all resources that affect sustainable human well-being in the allocation system, not just marketed goods...

Picture Quote 2

Real economic efficiency implies including all resources that affect sustainable human well-being in the allocation system, not just marketed goods...

Picture Quote 3

Real economic efficiency implies including all resources that affect sustainable human well-being in the allocation system, not just marketed goods...

Picture Quote 4

Real economic efficiency implies including all resources that affect sustainable human well-being in the allocation system, not just marketed goods...