How does neoclassical economics value environmental goods?

Alchian begins Uncertainty, Evolution, and Economic Theory by stating that “[a] modification of economic analysis to incorporate incomplete information and ... for the relevance of any theory. Moreover, neoclassical research is typically narrowed to questions that are accessible to mathematical modelling; content ... Jun 15, 2019 ... ... informational role of the price system within the neoclassical framework. ... neoclassical economics has yielded an odd blend of the two.footnote ... ... neoclassical economics. Akerlof spent time at the London School of Economics ... The Laureates' contributions form the core of modern information economics. Apr 8, 2010 ... In this paper, we study how such information spillovers impact the incentives that agents face when making their real economic decisions. Apr 7, 2025 ... Going beyond neoclassical economic theory, Nelson and Winter (1985) described consequences of dynamic processes of innovation in ... scholars working within the Austrian tradition were understood by economists to be fully incorporated into standard neoclassical economics by the early 1930s. Apr 3, 2003 ... I suggest that ecosocial systems harnessed by human population growth impose less information on ecological transformations than do typical ... Economic analysis of law usually proceeds with the behavioral assumptions of neoclassical economics ... research agenda for future work in behavioral law ... Neoclassical economists argue that behavioral biases cannot survive in competitive markets and question the relevance of behavioral insights for economic policy ...