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来源类型Working Paper
规范类型报告
DOI10.3386/w22060
来源IDWorking Paper 22060
Some Theoretical Connections Among Wealth, Income, Sustainability, and Accounting
Martin L. Weitzman
发表日期2016-03-07
出版年2016
语种英语
摘要In theory, and under some quite strong assumptions, there exists an important rigorous quantitative relationship among the following four fundamental economic concepts: (1) "wealth"; (2) "income"; (3) "sustainability"; (4) "accounting". These four basic concepts are placed in quotation marks here because a necessary first step will be to carefully and rigorously define what exactly is meant by each concept. In this paper, I review what is known about this important four-fold quantitative relationship in an ultra-simplified setting. I identify some basic applications of this simplified economic theory of wealth and income (and sustainability and accounting). While the contents of this paper are expressed at a very high level of abstraction and require some restrictive assumptions, I believe that the fundamental four-fold relationship it sharply highlights is useful for understanding, at least in principle, what is "wealth" and what is its theoretical relationship to "income," "sustainability," and "accounting."
主题Environmental and Resource Economics ; Renewable Resources ; Environment
URLhttps://www.nber.org/papers/w22060
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/579733
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Martin L. Weitzman. Some Theoretical Connections Among Wealth, Income, Sustainability, and Accounting. 2016.
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