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- W187204032 abstract "Capital and income are concepts of economic theory. That natural resources are depletable is a fact of physical life. In order to manage the latter by means of the first we build national accounts. The problem is that to be viable national accounts have developed their own facts and their own theory, the links of which to the other areas are not well understood. We hear national accounts are based on the transaction principle (Ruggles, N., and Ruggles, R. 1970), but where in economics have definitions of capital and income taken this into account? National accounts operate by means of market values, but how can depletion of a resource ever be reflected adequately by such a mechanism?" @default.
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- W187204032 date "1993-01-01" @default.
- W187204032 modified "2023-09-25" @default.
- W187204032 title "Applying the Notions of Capital and Income to Natural Depletable Resources in Economic Accounts" @default.
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- W187204032 doi "https://doi.org/10.1007/978-3-642-49977-7_18" @default.
- W187204032 hasPublicationYear "1993" @default.
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