From Depreciation to Exhaustible Resources
نویسندگان
چکیده
Harold Hotelling’s 1931 article on the economics of exhaustible resources is considered groundbreaking in history nonrenewable resource analysis. innovation has been characterized by comparing his work with other contributions dealing conservation issues. It also connected to earlier depreciation, published 1925, for using same kind mathematical formalism. This further explores this second research direction basis new archival materials, showing that Hotelling conceived and depreciation as closely substantially intertwined. suggests interest came from readings accounting. These results shed light early economic research, our common understanding contribution, origins connection between nature capital environmental economics.
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ژورنال
عنوان ژورنال: History of Political Economy
سال: 2022
ISSN: ['1527-1919', '0018-2702']
DOI: https://doi.org/10.1215/00182702-9548337