Use and Abuse of the Natural Capital Concept

Use and Abuse of the ‘Natural Capital’ Concept

  • 2014•12•22
  • Herman Daly University of Maryland, School of Public Policy

Herman Daly explains how, while environmentalist’s objections to monetary valuation of natural capital are sound and important, it is also true that physical stock-flow (capital-income) relations are important in both ecology and economics.

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