Economic models influence environmental resource management, in - TopicsExpress

Economic models influence environmental resource management, in that management policies reflect beliefs about natural capital scarcity. For someone who believes natural capital is infinite and easily substituted, environmental management is irrelevant to the economy. For example, economic paradigms based on neoclassical models of closed economic systems are primarily concerned with resource scarcity, and thus prescribe legalizing the environment as an economic externality for an environmental resource management strategy.

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