Professional paper
ENVIRONMENTAL AND ECONOMIC ASSUMPTIONS OF "THE GREEN MODEL"
Ervin Maurič
; Faculty of Economics and Business, University of Maribor, Maribor
Abstract
A possibility of the evaluation of natural environmental factors that are not taken into account in the classical economic theory are presented in the paper. The starting point of the analysis is the assumption that, nowadays, the spirit of Keynesian normativism of state over the genetic concept of market economy, that has as its starting point the idea of natural resources capitalization.
The basic conceptual problem with evaluation is the valuation of resources that are not directly in economic course — values that are without a proprietor — while starting from Dale's standpoint that a mechanism of prices in natural environment economics is multiply imperfect, i.e. that a market mechanism does not have within itself a worked out regulation mode of balance between a man and nature. The author indicates that the future of environmental policy will operate in the three possible directions of development, that will depend on economic development: (1) in the direction of administrative and repressive variant, (2) on the basis of the conception of capitalization of natural and environmental resources in the sense of Cobb–Douglas production function and (3) on the basis of an environmental formula of civil society, that problematizes ecology as an element of culture, morality and ethics. Environmental and economic assumptions of the latter model are examined in the paper.
Keywords
ecology; environment; environmental policy; "the green model"; natural resources
Hrčak ID:
141352
URI
Publication date:
15.1.1995.
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