Neoclassical economic theory, which has come to dominate much of the policymaking world,reduces the factors of production to labor and capital. The link between land — or more generally natural capital and ecosystem services – with economy has effectively been severed by neoclassical economic thought. In that aftermath, both policymakers and academics understandably struggle to synthesize economic theory and the environmental sink in a systematic fashion. Read the full article here

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© 1979 - 2019, UTSA Institute for Economic Development, All Rights Reserved.
501 W. Cesar E. Chavez San Antonio, Texas 78207
210.458.2450
© 1979 - 2019, UTSA Institute for Economic Development, All Rights Reserved.
