Green Economics focuses on the meeting of –––––– rather than the maximization of profit (G).
Given trade and zero transaction costs, markets will automatically adjust to achieve efficiency regardless of property rights. This being the case, it is irrelevant where the right to pollute is assigned (N).
A Neoclassical measure of weak sustainability that adjusts GDP and attempts to account for annual changes in 'real' well-being. Calculated by adding total annual output of market & nonmarket goods and services minus total externalities, cleanup costs, and depreciation of capital (N).
Occurs in the face of a limited natural environment. Relative in Neoclassical Economics as one resource, when depleted, can be substituted by another (N).
Neoclassical Economics wants unlimited –––––– and consumption as they view natural resources as fully exploitable (N).
Neoclassical economists point to human –––––– as the reasoning behind the observed rise in standard of living given limited natural resources and an increase in population (N).
Down
A potential cost of economic activity that is not borne by those conducting said activity (N).
Principle that states factories should have to pay for their emissions/degradation because they would have had to pay to avoid these consequences of production in the first place (N).
Current political/governmental –––––– are standing in the way of taking strides towards Green Economic development (G).
Green Economics features some key ideas linked to the –––––– movement such as the view that issues of social justice and power relations should be valued more when making economic decisions (G).
Because Green Economists are concerned more with production quality over quantity, they push for the movement away from this current measure to a more balanced indicator of economic activity (G).
Used to determine the future impacts of pollution by neoclassical economists as they focus on price and market operations in general (N).
There is no way of making one more person better off without making someone else worse off (N).
The kind of system that Green Economists are striving for is one that –––––– local communities (G).
Green Economics aims to create a self-regulating and self- –––––– system that functions as naturally as possible (G).
The field of Green Economics developed from the –––––– rather than from a traditional academic background (G).
This concept leads Green Economists to reject externalities because it frames the planet as an interconnected system (G).
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