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"Environment", "needs" and real income comparisons

Beckerman, W.; (1972) "Environment", "needs" and real income comparisons. Review of Income and Wealth , 18 (4) pp. 333-339. 10.1111/j.1475-4991.1972.tb00960.x.

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Conventional measures of national product make no pretence of including everything that affects welfare. As increasing attention is being paid to environmental pollution, the problem of incorporating certain non-economic variables into the analysis of well-being becomes more relevant. The object of this note is to show how a difference in "needs" for, and hence expenditures on, anti-pollutants, which will show up in conventional national accounts comparisons as differences in "tastes", should be converted into differences in real income.

Title:"Environment", "needs" and real income comparisons
Publisher version:http://dx.doi.org/10.1111/j.1475-4991.1972.tb00960.x
UCL classification:UCL > School of Arts and Social Sciences > Faculty of Social and Historical Sciences > Economics

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