Ecological economist Herman Daly has identified a number of problems with the way that conventional market economics

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Ecological economist Herman Daly has identified a number of problems with the way that conventional market economics deals with environmental issues. They are discussed under the headings of the open-system error, the measurement mistake, the misidentification of nature, the misapplication of the intertemporal measure, and the misuse of free trade. Explain each one.

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