- 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: xiv • ContentsChapter 24 Efficien
- Page 19 and 20: xviii • A Note to Instructorsthan
- Page 21 and 22: xx • IntroductionAmerican economi
- Page 23 and 24: xxii • IntroductionTheir dire con
- Page 25 and 26: xxiv • Introductionplanning, alon
- Page 27 and 28: xxvi • Introductionfulfilling liv
- Page 30: PART IAn Introduction toEcological
- Page 33 and 34: 4 • An Introduction to Ecological
- Page 35 and 36: 6 • An Introduction to Ecological
- Page 37 and 38: 8 • An Introduction to Ecological
- Page 39 and 40: 10 • An Introduction to Ecologica
- Page 41 and 42: 12 • An Introduction to Ecologica
- Page 43: 14 • An Introduction to Ecologica
- Page 46 and 47: than benefits. Subsequently, growth
- Page 48 and 49: ■ Diminishing Marginal Returns an
- Page 50 and 51: ishing marginal utility of addition
- Page 52 and 53: the scarcity of anything; rather, i
- Page 54 and 55: Chapter 2 The Fundamental Vision
- Page 56: the institutions of public finance.
- Page 59 and 60: 30 • An Introduction to Ecologica
- Page 61 and 62: 32 • An Introduction to Ecologica
- Page 63 and 64: 34 • An Introduction to Ecologica
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CHAPTER3Ends, Means, and Policy■
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serving our purposes or even sustai
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from becoming electronic waste. Thi
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anking really was not in accordance
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One may well agree with the logic o
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Chapter 3 Ends, Means, and Policy
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At the top of the spectrum, we have
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Chapter 3 Ends, Means, and Policy
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These calculations, a small fractio
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eflected in the ends-means spectrum
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Chapter 3 Ends, Means, and Policy
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PART IIThe Containing and Sustainin
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62 • The Containing and Sustainin
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64 • The Containing and Sustainin
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66 • The Containing and Sustainin
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68 • The Containing and Sustainin
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70 • The Containing and Sustainin
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72 • The Containing and Sustainin
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74 • The Containing and Sustainin
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76 • The Containing and Sustainin
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78 • The Containing and Sustainin
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80 • The Containing and Sustainin
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82 • The Containing and Sustainin
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84 • The Containing and Sustainin
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86 • The Containing and Sustainin
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88 • The Containing and Sustainin
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90 • The Containing and Sustainin
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92 • The Containing and Sustainin
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94 • The Containing and Sustainin
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96 • The Containing and Sustainin
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98 • The Containing and Sustainin
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100 • The Containing and Sustaini
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102 • The Containing and Sustaini
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104 • The Containing and Sustaini
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106 • The Containing and Sustaini
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108 • The Containing and Sustaini
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110 • The Containing and Sustaini
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112 • The Containing and Sustaini
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114 • The Containing and Sustaini
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116 • The Containing and Sustaini
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120 • The Containing and Sustaini
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122 • The Containing and Sustaini
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PART IIIMicroeconomics
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128 • Microeconomicsbig picture,
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130 • Microeconomicsas the “whe
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132 • Microeconomicsrelative poss
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134 • MicroeconomicsFigure 8.1
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136 • Microeconomicsnopolist, mar
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138 • Microeconomicsnon-price mar
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140 • Microeconomicsforever. The
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142 • MicroeconomicsBox 8-2Can th
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144 • MicroeconomicsBox 8-3Do Dem
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CHAPTER9Supply and DemandSince supp
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this shift, the amount suppliers wo
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Box 9-1The Rationing and Allocation
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put flow. In bumper sticker form,
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Chapter 9 Supply and Demand • 155
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Chapter 9 Supply and Demand • 157
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Is it possible for stocks (or funds
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having no independent value of its
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a relation of complementarity betwe
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CHAPTER10Market FailuresIn the prev
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forest, the fund is simultaneously
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Chapter 10 Market Failures • 169
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Chapter 10 Market Failures • 171t
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If we are unable to establish defen
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Chapter 10 Market Failures • 175L
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tion, especially information needed
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Chapter 10 Market Failures • 179B
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undermine the production of absolut
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to a problem of what we call macro-
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Chapter 10 Market Failures • 185b
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duction will increase the utility
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Chapter 10 Market Failures • 189s
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Chapter 10 Market Failures • 191T
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CHAPTER11Market Failures andAbiotic
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Chapter 11 Market Failures and Abio
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is the value of one more unit of th
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Chapter 11 Market Failures and Abio
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Chapter 11 Market Failures and Abio
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Chapter 11 Market Failures and Abio
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Chapter 11 Market Failures and Abio
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Chapter 11 Market Failures and Abio
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Chapter 11 Market Failures and Abio
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212 • Microeconomicsfunds and ser
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214 • Microeconomicscrement, and
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216 • Microeconomicsmen will ente
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Box 12-2Geo-Engineering or CosmicPr
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220 • Microeconomicsappear. In a
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222 • Microeconomicsexample. Say
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224 • Microeconomicsgoods that ge
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226 • MicroeconomicsFigure 12.6
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228 • Microeconomicslapse, stoppi
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230 • MicroeconomicsThis does not
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CHAPTER13Human Behaviorand Economic
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This chapter explores what we know
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Chapter 13 Human Behavior and Econo
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waiting to learn more about the var
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Chapter 13 Human Behavior and Econo
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ut given the choice of a $50 sure g
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around the world. This revealed gre
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person contributed. If people act i
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high enough, they would ultimately
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volving thousands of participants f
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Chapter 13 Human Behavior and Econo
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quate to explain and guide the full
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carbon-neutral energy sources are p
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PART IVMacroeconomics
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262 • Macroeconomicsmany scarce r
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264 • MacroeconomicsThere were, i
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266 • Macroeconomics“utilities
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268 • MacroeconomicsChanges in re
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270 • Macroeconomicsas we move fr
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272 • Macroeconomicsnature’s se
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274 • MacroeconomicsBox 14-1Gross
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276 • MacroeconomicsFigure 14.3
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278 • Macroeconomics$2.00 per day
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280 • Macroeconomics■ Table 14.
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282 • Macroeconomicseliminated, i
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284 • Macroeconomicsimprove it. S
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286 • Macroeconomicsprovides a co
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288 • Macroeconomics■ Virtual W
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290 • Macroeconomicsare created o
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292 • Macroeconomics■ The Fract
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294 • Macroeconomicsthe next pers
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296 • Macroeconomicssient phase i
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298 • Macroeconomicsundertaken un
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CHAPTER16DistributionWe have emphas
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Chapter 16 Distribution • 303answ
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Chapter 16 Distribution • 305■
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Chapter 16 Distribution • 307Figu
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tence wage, and the fortunate one p
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Chapter 16 Distribution • 3114%3%
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However, the onset of the atomic ag
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Intertemporal Discounting. How does
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Chapter 16 Distribution • 317In m
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posite. Thus, if we allow the marke
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CHAPTER17The IS-LM ModelWe have now
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Chapter 17 The IS-LM Model • 323
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Box 17-2A Graphic Derivation of the
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ances (money held by people) equals
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we will refer to jointly as “bond
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namics have played out and S = I ag
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Chapter 17 The IS-LM Model • 333l
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Chapter 17 The IS-LM Model • 335B
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Chapter 17 The IS-LM Model • 337
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What happens when the government tr
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Chapter 17 The IS-LM Model • 341d
- Page 372 and 373:
turn to our example of the bowling
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macro-allocation. Expansive monetar
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Chapter 17 The IS-LM Model • 347c
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Chapter 17 The IS-LM Model • 349F
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Conclusions to Part IVChapters 14-1
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CHAPTER18International TradeIt is a
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Chapter 18 International Trade •
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Third, we also assumed that in each
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and paying for them with exports of
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advantage, it lacks the politically
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The division of labor between these
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tieth century. True enough, it is i
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370 • International tradeAre the
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372 • International tradeany reas
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Box 19-1Discoveries Not Motivated b
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376 • International tradeIn each
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378 • International tradeemphasis
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380 • International tradeIn a dem
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382 • International tradegroup wa
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384 • International tradeIn the U
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386 • International tradetariffs
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388 • International trade■ Summ
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390 • International TradeThe bala
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392 • International Traderevalue
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394 • International TradeHedge in
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396 • International Tradetion, th
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398 • International Tradebringing
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400 • International TradeBox 20-2
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402 • International Tradecontinue
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404 • International Tradefinancia
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406 • International TradeCurrentl
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408 • International TradeBIG IDEA
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PART VIPolicy
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414 • Policy■ The Six Design Pr
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416 • Policyin living too close t
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418 • PolicyTHINK ABOUT IT!Why is
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420 • Policy■ Controlling Throu
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422 • Policyflu crisis led to an
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424 • Policy■ Policy and Proper
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426 • Policyeconomists favor priv
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428 • Policyor regulate the type
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430 • Policy■ Pigouvian TaxesEa
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432 • Policyfollows the polluter-
- Page 463 and 464:
434 • Policyadaptive management,
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436 • PolicyTradeable Permits vs.
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438 • Policysell ITQs whenever th
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440 • Policymain political dilemm
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442 • Policyearned with the sweat
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444 • Policywell, sacrificing lei
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446 • Policywealthy person. Econo
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448 • PolicyA good place to start
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450 • Policyconditions. More feas
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452 • Policyforests in the U.S. a
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454 • Policynecessary supply pric
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456 • Policy■ Additional Polici
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458 • Policysupply and demand. Ma
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460 • Policyback into the pricing
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462 • Policyof resource use will
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464 • Policyneeds we have for non
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466 • Policyaway airwaves to thos
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468 • Policy■ Spatial Aspects o
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470 • Policythe form of volunteer
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472 • Policypreserving ecosystems
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474 • Policygovernments to slow d
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476 • Policyin the Amazon show th
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478 • Looking Aheadby which it is
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GlossaryAbiotic resource A nonlivin
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Glossary • 483Consumer surplus Th
- Page 514 and 515:
Glossary • 485Excludability A leg
- Page 516 and 517:
Glossary • 487Internationalizatio
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Glossary • 489Monetary policy The
- Page 520 and 521:
Glossary • 491Producer surplus Th
- Page 522 and 523:
Glossary • 493of complementarity
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Suggested ReadingsPart I. An Introd
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Suggested Readings • 497Heyck, De
- Page 528 and 529:
About the AuthorsHerman E. Daly is
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IndexNote: page numbers followed by
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Index • 503Ends and means: biotic
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Index • 505ISI (import-substituti
- Page 536 and 537:
Paradox of thrift, 331Parametric fu
- Page 538:
Index • 509Sustainable yield curv