Radical economics and natural resources

Research output: Contribution to journalArticleResearchpeer-review

5 Citations (Scopus)

Abstract

Market prices will not ensure the optimal allocation of natural resources through time. Not only is there likely to be “market failure,” but also one must consider the nature of technical progress and the requirements of the wider social and political system. These discourage collective action and encourage unrestrained exploitation of resources. No complete radical or Marxist analysis exists, but some suggestions are made as to the problems which such an analysis must face.

Original languageEnglish
Pages (from-to)45-53
Number of pages9
JournalInternational Journal of Environmental Studies
Volume21
Issue number1
DOIs
Publication statusPublished - 1 May 1983
Externally publishedYes

Cite this