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  • Page 6 and 7: To Andrea and MarciaAnd to the next
  • Page 8: Ecological EconomicsPrinciples and
  • Page 11 and 12: x • ContentsExcludability and Riv
  • Page 13 and 14: xii • ContentsChapter 15 Money /
  • Page 15 and 16: xiv • ContentsChapter 24 Efficien
  • Page 18 and 19: A Note to InstructorsAtextbook is u
  • Page 20 and 21: IntroductionProbably the best intro
  • Page 22 and 23: Introduction • xxiIs McNeill corr
  • Page 24 and 25: Introduction • xxiiiplinary resea
  • Page 26 and 27: that feed the economic process and
  • Page 28: ciples of policy. Chapter 22 review
  • Page 32 and 33: CHAPTER1CHAPTERWhy Study Economics?
  • Page 34 and 35: Chapter 1 Why Study Economics? •
  • Page 36 and 37: Chapter 1 Why Study Economics? •
  • Page 38 and 39: Chapter 1 Why Study Economics? •
  • Page 40 and 41: cate as local resources ran out. Pe
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  • Page 45 and 46: 16 • An Introduction to Ecologica
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    24 • An Introduction to Ecologica

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    26 • An Introduction to Ecologica

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    system generate wastes? Does the sy

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    Chapter 2 The Fundamental Vision

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    natural capacities was also an inde

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    increasing demand for carrying capa

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    38 • An Introduction to Ecologica

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    40 • An Introduction to Ecologica

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    42 • An Introduction to Ecologica

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    44 • An Introduction to Ecologica

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    46 • An Introduction to Ecologica

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    48 • An Introduction to Ecologica

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    50 • An Introduction to Ecologica

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    52 • An Introduction to Ecologica

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    54 • An Introduction to Ecologica

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    Mill thought we would pay more atte

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    Conclusions to Part IIn Part I, we

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    CHAPTER4The Nature of Resourcesand

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    Chapter 4 The Nature of Resources a

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    Chapter 4 The Nature of Resources a

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    Chapter 4 The Nature of Resources a

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    Chapter 4 The Nature of Resources a

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    Chapter 4 The Nature of Resources a

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    ■ Excludability and RivalnessChap

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    Chapter 4 The Nature of Resources a

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    CHAPTER5Abiotic ResourcesIn this ch

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    cluding those of exploration, machi

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    source. Therefore, as we continue t

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    ergy needs, much of which is used t

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    Chapter 5 Abiotic Resources • 85F

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    ut can be extracted at virtually an

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    from the same land in an appreciabl

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    owner captures, there is no less le

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    CHAPTER6Biotic ResourcesBiotic reso

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    Box 6-1Risk, Uncertainty, and Ignor

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    Amazon, Indonesia and Mexico), and

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    Chapter 6 Biotic Resources • 99Fi

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    Box 6-2Minimum Viable Population, M

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    Chapter 6 Biotic Resources • 103B

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    ■ Table 6.1EXAMPLES OF SERVICES P

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    when combined together generate eco

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    to assimilate the waste you dump in

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    CHAPTER7From Empty Worldto Full Wor

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    sustaining system. What follows is

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    Chapter 7 From Empty World to Full

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    years, and it continues to climb. H

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    Chapter 7 From Empty World to Full

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    Conclusions to Part IIIn Part II we

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    CHAPTER8The Basic Market EquationTh

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    Here are the three principles:Law o

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    those profits are greater than the

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    Px/Py = MPPay/MPPaxThis is the righ

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    Chapter 8 The Basic Market Equation

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    possibility conditions (ratios of M

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    Chapter 8 The Basic Market Equation

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    Chapter 8 The Basic Market Equation

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    Chapter 8 The Basic Market Equation

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    Chapter 8 The Basic Market Equation

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    148 • MicroeconomicsPS2S1P 2P1P32

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    150 • MicroeconomicsFigure 9.3

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    152 • MicroeconomicsRent (also kn

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    154 • MicroeconomicsFigure 9.4

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    156 • Microeconomicsprice by stay

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    158 • Microeconomicswhile these a

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    160 • Microeconomicsanalysis righ

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    162 • MicroeconomicsFigure 9.7

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    164 • Microeconomicsimportance of

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    166 • Microeconomicssomeone, it w

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    168 • MicroeconomicsTHINK ABOUT I

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    Box 10-1The Atlantic Cod Fishery:A

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    172 • MicroeconomicsMany economis

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    Box 10-2The Linux Operating System

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    176 • Microeconomicsogy advanced

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    178 • Microeconomicsto pay the co

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    180 • Microeconomicsof course, wo

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    182 • Microeconomicsof any cures

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    184 • Microeconomicsover the prod

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    186 • MicroeconomicsFigure 10.2

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    188 • Microeconomicsnumber of peo

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    190 • Microeconomicsduction to he

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    192 • MicroeconomicsBIG IDEAS to

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    194 • MicroeconomicsFigure 11.1

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    196 • MicroeconomicsFigure 11.2

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    198 • Microeconomicsmarkets in ge

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    200 • Microeconomicson intragener

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    202 • MicroeconomicsDo Prices Ref

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    204 • MicroeconomicsThis result i

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    206 • Microeconomicsties, such as

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    208 • Microeconomicsaction subseq

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    CHAPTER12Market Failures andBiotic

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    Chapter 12 Market Failures and Biot

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    Chapter 12 Market Failures and Biot

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    Figure 12.3 • Sustainable harvest

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    Chapter 12 Market Failures and Biot

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    ever, we lose not only the opportun

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    of aggregate economic production of

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    Chapter 12 Market Failures and Biot

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    a public bad, which is something th

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    Chapter 12 Market Failures and Biot

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    Chapter 12 Market Failures and Biot

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    234 • Macroeconomicsothers experi

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    236 • MacroeconomicsEconomists of

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    238 • Macroeconomicswhole (see Fi

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    240 • Macroeconomicsimportant tha

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    242 • MacroeconomicsFigure 13.2

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    244 • Macroeconomicsbehavior abou

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    246 • Macroeconomicsdefectors, wh

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    248 • Macroeconomicsstrategies ah

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    250 • Macroeconomicscepted wisdom

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    252 • MacroeconomicsThis suggests

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    254 • Macroeconomicsinducing coop

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    256 • MacroeconomicsUltimately, t

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    258 • MacroeconomicsConclusions t

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    CHAPTER14Macroeconomic Concepts:GNP

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    Chapter 14 Macroeconomic Concepts:

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    Chapter 14 Macroeconomic Concepts:

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    Chapter 14 Macroeconomic Concepts:

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    Chapter 14 Macroeconomic Concepts:

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    Chapter 14 Macroeconomic Concepts:

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    Chapter 14 Macroeconomic Concepts:

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    Chapter 14 Macroeconomic Concepts:

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    Chapter 14 Macroeconomic Concepts:

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    ■ Table 14.1MAX-NEEF’S MATRIX O

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    Chapter 14 Macroeconomic Concepts:

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    Chapter 14 Macroeconomic Concepts:

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    CHAPTER15MoneyMoney ranks with the

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    Chapter 15 Money • 287limit to th

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    Chapter 15 Money • 289of real ass

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    Chapter 15 Money • 291deemable in

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    Chapter 15 Money • 293Now let’s

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    Chapter 15 Money • 295is a coordi

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    Chapter 15 Money • 297of the prod

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    Chapter 15 Money • 299BIG IDEAS t

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    302 • Macroeconomicshas tended to

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    304 • MacroeconomicsIf we admit i

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    306 • MacroeconomicsFigure 16.1

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    308 • MacroeconomicsThe Gini coef

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    310 • MacroeconomicsBox 16-2Distr

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    312 • Macroeconomicsfrequent expe

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    314 • Macroeconomicsmight be dete

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    316 • Macroeconomicsto deal with

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    318 • Macroeconomicscosts, such a

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    320 • Macroeconomicsbecome availa

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    322 • Macroeconomicssectors than

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    324 • MacroeconomicsFigure 17.1

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    326 • Macroeconomicswill correspo

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    328 • Macroeconomicsbut today we

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    330 • MacroeconomicsFigure 17.4

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    332 • Macroeconomicscan weaken or

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    334 • Macroeconomicstary authorit

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    336 • Macroeconomicsagement. Frac

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    338 • Macroeconomicseconomy? The

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    340 • MacroeconomicsUnemploymentI

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    342 • Macroeconomicsin material t

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    344 • Macroeconomicslarger the im

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    346 • Macroeconomicsof the multip

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    348 • Macroeconomicsterms implied

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    350 • Macroeconomicssource exhaus

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    PART VInternational Trade

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    356 • International tradeA countr

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    358 • International tradeis bette

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    360 • International trade■ Capi

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    362 • International tradetage see

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    364 • International tradebreak so

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    366 • International tradeicy of g

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    CHAPTER19GlobalizationWhy are so ma

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    Ironically, the U.S. assistant atto

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    has foundered so much since the 197

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    Chapter 19 Globalization • 375not

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    Chapter 19 Globalization • 377Box

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    costs of economic growth. In recent

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    ■ Just DistributionFinally, we tu

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    economies have liberalized. While C

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    Yet on closer examination, the hist

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    chase that food. If agricultural ma

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    CHAPTER20Financial GlobalizationLib

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    ance (capital plus current account)

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    affect the exchange rate under a fl

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    feedback loop. If returns on assets

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    4. The sub-prime mortgage crisis st

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    loans. As long as the securities co

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    ■ Ecological Economic Explanation

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    lars available for repayment, incre

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    ■ What Should Be Done About Globa

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    onds, which must be repaid with int

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    Conclusions to Part VGlobalization

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    CHAPTER21General PolicyDesign Princ

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    can tax energy for the sake of effi

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    this feedback, and real-life outcom

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    Economists sometimes argue that sca

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    Chapter 21 General Policy Design Pr

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    pendently the rate of extraction of

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    tus quo, claiming that privilege as

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    CHAPTER22Sustainable ScaleEnvironme

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    ter 21, that policies should sacrif

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    This means that there is always an

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    ■ Cap and TradeTradeable permits

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    Chapter 22 Sustainable Scale • 43

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    In 1990, when Canada modified its s

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    ■ Policy in PracticeWe see, then,

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    CHAPTER23Just DistributionThe distr

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    Chapter 23 Just Distribution • 44

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    and other billionaires be so wealth

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    come. This involves other, less con

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    ers are also concerned about how ot

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    Distributing the Returns to Natural

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    work. All the returns from the sale

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    Chapter 23 Just Distribution • 45

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    CHAPTER24Efficient AllocationAlloca

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    Box 24-1Pricing Nature and LifeIn r

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    Chapter 24 Efficient Allocation •

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    tionist approach of assuming that t

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    $652 billion per year that preferen

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    for the government to simply supply

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    Chapter 24 Efficient Allocation •

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    not be worth the investment of the

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    all subsidies, but there still woul

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    source. Alternatively, lowering the

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    Looking AheadTis book has focused o

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    of places in the sun between humans

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    482 • GlossaryMonetary Fund) and

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    484 • GlossaryEconomic imperialis

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    486 • GlossaryGini coefficient A

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    488 • GlossaryLiquidity preferenc

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    490 • GlossaryNormal profit The o

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    492 • GlossarySecond Law of Therm

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    494 • GlossaryUtility function A

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    496 • Suggested ReadingsHokikian,

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    498 • Suggested ReadingsDaly, Her

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    500 • About the Authorsplied prob

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    502 • IndexClausius, Rudolf, 65Cl

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    504 • Indextion of the financial

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    506 • Index127; in ecological eco

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    508 • Indexstock-flow, 97-98; nat

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