A focus on neo-Austrian capital theory and its application to the modelling of long-run economy-environment interactions. It overviews the modelling approach and gives an historical survey of capital theory and its development. Issues include green national accounts and resource rents.

Faber (economics, U. of Heidelberg, Germany), Proops, and Speck (both environmental social sciences, Keele U., UK) wrote this book for people interested in long-term economy-environment interaction, who already have some familiarity with economic theory and mathematics. They discuss neo-Austrian capital theory and its application to the modeling of long-term collaboration on research in ecological economics. After a history of the theory (including its detailed technical aspects), the authors then relate it to environmental issues including climate change and pollution. The iron and steel industries are studied as case examples.

Part 1 Introduction and history: the nature of the approach
historical background to neo-Austrian capital theory. Part 2 The new-Austrian approach: neo-Austrian capital theory - the 3-sector, 2-period model
extending the time horizon. Part 3 Extensions to the neo-Austrian approach: the innovation of techniques and the time-horizon
a comparison between neoclassical and neo-Austrian growth models. Part 4 Introducing the environment into the neo-Austrian model: national accounting, time and the environment
natural resource rents and economic dynamics
climate change and economic development, Frank Jost. Part 5 Further neo-Austrian environmental models: a neo-Austrian model with pollution and resources
introducing recycling into the neo-Austrian model
the iron and steel industry - a neo-austrian interpretation.