A completely rewritten update of: Welfare measurement, sustainability, and green national accounting / Thomas Aronsson, Per-Olov Johansson, Karl-Gustaf L'ofgren. c1997.

This comprehensive and accessible textbook addresses important relationships between economics and environmental policy, highlighting in particular the role of taxation. It also connects environmental policy to social accounting by describing how measures of welfare and sustainable development depend on whether policies successfully internalize market failures.

One of the basic issues of accounting is to augment or extend the conventional net national product measure to obtain a better indicator of welfare. This book takes into account technological change, externalities and uncertainty.