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Welfare, Incentives, and Taxation$
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James Mirrlees

Print publication date: 2006

Print ISBN-13: 9780198295211

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198295211.001.0001

The Desirability of Natural Resource Depletion

Chapter:
(p. 39 ) 3 The Desirability of Natural Resource Depletion
Source:
Welfare, Incentives, and Taxation
Author(s):

James A. Mirrlees

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198295211.003.0004

This chapter discusses the Club of Rome model using a polemical style. The second section contains the bulk of the discussion, and includes discussions on some numerical calculations that are intended to shed some light on the way economics uses exhaustible resources. These resources are viewed as a necessary preliminary to any consideration of the extent to which these resources are substitutable for other production factors.

Keywords:   Club of Rome, polemical style, numerical calculations, economics, exhaustible resources, resources, production factors

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