University of Cambridge, UK; Beijer International Institute of Ecological Economics, Stockholm, Sweden; Resources for the Future, Washington, DC, USA
KARL-GÖRAN MÄLER
Affiliation:
Beijer International Institute of Ecological Economics, Stockholm, Sweden; Stockholm School of Economics, Stockholm, Sweden; Resources for the Future, Washington, DC, USA
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This note has been prepared for inclusion in a Symposium, being organised in Environment and Development Economics, on the article, 'Environmental Scares: plenty of gloom', published in The Economist, December 20, 1997. We have benefited from discussions with Kenneth Arrow, Crawford Holling, Charles Perrings, Paul Portney, V. Kerry Smith, and the co-authors of Daily et al. (1998), from which we have borrowed some of the remarks made below.