Summary and Info
Environmental external effects are evidence of the inability of market prices to reflect the interdependence of economic activities undertaken within a common environment, and are an essential feature of all market economies. This book shows how external effects are produced by the interaction of the economy with its environment, using a classical mass-balance model.
More About the Author
Sir Charles Perrin Skerrett KCMG KC (2 September 1863 – 13 February 1929) was the fifth Chief Justice of New Zealand, from 1926 to 1929.
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