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Natural Capital and Human Economic Survival by Herman Daly, Thomas Prugh, Richard B Norgaard, John H Cumberland, Robert Goodland (Hardcover, 1999)

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Natural Capital and Human Economic Survival, Hardcover by Prugh, Thomas; Costanza, Robert; Cumberland, John H.; Daly, Herman; Goodland, Robert; Norgaard, Richard B., ISBN 1566703980, ISBN-13 9781566703987, Brand New, Free P&P in the UK Details a thesis now receiving grudging attention from mainstream economists that classical models err in relegating ecological degradation to "externality" status. Insists that the ecosystem be considered as the basis for economic production and advances public policy recommendations to properly value natural capital resources and services. Annotation c. Book News, Inc., Portland, OR ()

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The concept of natural capital, when it is intelligently linked to the concepts of human and manufactured capital, provides the critical nexus between the satisfaction of human needs and the preservation - some might even suggest the restoration - of our living systems. Natural Capital and Human Economic Survival explains what natural capital is and does, and how it is threatened. It also proposes some revenue-neutral policy options that could restructure the economic system to encourage investment in natural capital. Such policies would work, in part, by properly valuing natural capital resources and services. By helping to get the prices right within the context of sustainable ecosystems and a fair distribution of resurces, they would promote true economic efficiency, equity and sustainability. This book is part of the Ecological Economics series initiated by the International Society of Ecological Economics.