| Translated title of the contribution | [Autom. eng. transl.] The economic theory of exhaustible natural resources |
|---|---|
| Original language | Italian |
| Title of host publication | Enciclopedia degli idrocarburi (vol. IV) |
| Pages | 3-10 |
| Number of pages | 8 |
| Publication status | Published - 2008 |
Abstract
Natural resource economics can be summarized by dividing it into
three main lines of thought: the theory of producibility and scarcity
developed by classical economists; the theory of general and natural
scarcities developed by marginalists and neoclassicals; the theory of
dynamics with and without natural scarcities developed by
macroeconomists, structuralists and empirical stylizers. When the world economy feels the constraints imposed by natural resources and raw materials the contribution of economic
theory may be useful in order both to
interpret and predict events, and to identify economic policies.
Keywords
- Natural resources
- Risorse naturali
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