Allocation, distribution, and scale: towards an economics that is efficient, just, and sustainable
Ecological EconomicsPublished 1 December 1992
Herman E. Daly
Citations548
SJR quartileQ1
SJR score2.09
SNIP1.95
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Abstract
The practical policy of issuing tradeable permits for depletion and pollution requires for its implementation the clear separation of the three basic economic goals of efficient allocation, equitable distribution, and sustainable scale. Economic theory needs to catch up with policy in recognizing that scale issues cannot be reduced to either allocation or distribution.
Keywords
Economics, Econometrics and Finance