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Environmental and Natural Resource Economics
Jonathan M. Harris, Tufts University
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Chapter 7: Ecological Economics--Some Basic Concepts
- What is natural capital?
- What is natural capital depreciation and how can it be incorporated into national income accounting?
- What is the principle of natural capital sustainability?
- What is throughput?
- What is the difference between a closed and open system?
- Why is the issue of scale important in ecological economics?
- What do we mean by "empty-world" and "full-world" economics?
- What is the difference between weak and strong sustainability?
- Why is ecological complexity important to ecological economists?
- What is the precautionary principle?
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