Titlebook: Environmental Economics; in Theory and Practi Nick Hanley,Jason F. Shogren,Ben White Textbook 1997Latest edition Macmillan Publishers Limit

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https://doi.org/10.1007/978-3-0348-6156-4exists between the decision to invest in tree seedlings and the decision to harvest. At any point in time a forester may be simultaneously deciding to invest by replanting and to disinvest by clear-felling mature trees, which are the result of investment decisions taken some generations earlier.

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Keimung und Fu?fassen der Verjüngungn an efficiency, issue (Howarth and Norgaard, 1993). This is not to say that economic efficiency is irrelevant to sustainable development, as reducing the quantity of natural resources used up per unit of human satisfaction will clearly help reduce demands on the environment. However, as will be sho