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- W3184991255 abstract "M ORE THAN FORTY YEARS AGO Emery Castle (1965) challenged agricul-tural (and would-be resource) economists to rethink the methods used toevaluate land management policies. He highlighted the importance of the physical interdependencies underlying externalities in economic analyses of land use(see box). Emery’s insights have broad relevance today. Once these interdependencies are recognized as a major source for externalities, it is a short step to acknowledge a multiplicity of interactions that stem from the interdependencies amongproducers and consumers outside markets.1 Indeed, within a general equilibriummodel, the physical world implies that all external effects are reciprocal.The importance of this reciprocity is determined by the activities involved and the media providing the links between economic agents.2" @default.
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- W3184991255 date "2008-02-13" @default.
- W3184991255 modified "2023-09-23" @default.
- W3184991255 title "Environmental economics and the curse of the circular flow" @default.
- W3184991255 doi "https://doi.org/10.4324/9781936331338-10" @default.
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