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Neoclassical Economics relies on prices for expressing and addressing environmental externalities, whether it'd be prices formed in markets or imputed prices through monetary valuation techniques.
Neoclassical Economics relies on prices for expressing and addressing environmental externalities, whether it'd be prices formed in markets or imputed prices through monetary valuation techniques. What would a coevolutionary perspective say on the adequacy of prices in evaluating and measuring the environmental implications of economic activity? (~500 words)
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