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About Final - Retallack
- The document discusses the author's thesis research on developing an economic risk management approach to promote sustainable watershed ecosystems. It explores the role of economics in water resources management and decision making. - It argues that current approaches have flaws, as they may expose natural assets to market forces through monetization and do not adequately capture the complex ecological relationships and interdependencies involved. - A neoclassical economic framework with its assumptions of rational choice, perfect information, and static equilibrium is inappropriate for analyzing natural systems and ecosystem services that are dynamic, complex, and characterized by uncertainty.
Detailed Information
| Author: | ['Machubu'] |
|---|---|
| Publication Year: | 2012 |
| Pages: | 14 |
| Language: | English |
| Format: | |
| Price: | FREE |
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