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Unemployment, Excess Capacity, and Benefit-Cost Investment Criteria: A Reply
Economic Growth, Resource Availability, and Environmental Quality
Water-Resource Development
Resource Conservation, Environmental Preservation, and the Rate of Discount
I. Discounting and conservation, 359. — II. A model for natural environmental resource allocation: the concept of effective discount rates, 362. — III. Concluding remarks, 370.
Unemployment, Idle Capacity, and the Evaluation of Public Expenditures: National and Regional Analyses.
Economic growth, resource availability, and environmental quality
Skeptical that research to date does not warrant confidence in the relationship between natural resources and the maintenance of material well-being, the authors consider the conventional explanations for how resource stringencies have been avoided and what has been learned during the past decade. They then point out what has been missed by formal economic modeling and why it may be important in understanding the implications of resource scarcity. 19 references.