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By Wilfred Beckerman (auth.), Prof. Dr. Herbert Giersch (eds.)

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Schulz. 1982. " Mimeo, Berlin. L. 1987. " Schweizerische Zeitschrift fUr Volkswirtschaft und Statistik 123(2):289-315. - - - . 1985. Energie, Umweltschiiden und Umweltpolitik in der Schweiz. Ziirich: Griisch. Giifgen, G. 1968. ), Wirtschaftspolitischer Zielkonflikt und katholische Soziallehre, p. 9-37. KOIn: Arche. 1985. " Diskussionsbeitriige der Fakultiit fUr WW und Statistik, Nr. 212. Universitiit Konstanz. ~--. 1991. " Diskussionsbeitriige der Fakultiit fUr WW und Statistik, Nr. 253. Universitiit Konstanz.

London: MacMillan. R. 1991. " The Economic Journal 101(407):904-919. Common, M. 1988. " In: B. Colard, D. et al. ), Economics, Growth, and Sustainable Environment, p. 201-223. London: MacMillan. E. 1980. Economics, Ecology, Ethics. San Francisco: Josey Bass. Edwards, S. 1987. " Environmental Ethics 9(1): 73-85. -J. and W. Schulz. 1982. " Mimeo, Berlin. L. 1987. " Schweizerische Zeitschrift fUr Volkswirtschaft und Statistik 123(2):289-315. - - - . 1985. Energie, Umweltschiiden und Umweltpolitik in der Schweiz.

Nature is not unlimited. It is not only a resource that may be exploited, but also a factor of production that requires proper maintenance, as does any other factor of production. But proper maintenance, in turn, requires that the services that nature provides be paid for by those who use them once these services become scarce. Which conclusions can we draw from our deliberations? It is obvious that we have to take environmental problems much more seriously in the economic discipline. Traditional neoclassical analysis has made much progress in terms of the valuation of environmental goods and services.

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