Abstract
After the Second World War, the world economy and especially the Western countries experienced an unprecedented economic growth, resulting in levels of luxury and per capita income which had never been reached before. It was not until the 1960s that a general awareness emerged of the costs of this economic growth (Mishan, 1968). It became apparent that the relative affluence derived from marketed goods and services was achieved at the cost of environmental services and amenities which had been considered as being free. A new scarcity of environmental goods and services was observed and it turned out that growth rates of GNP gave a wrong impression, a gross overestimation of the development of societal welfare (Hueting, 1974).
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© 1991 Raymond P. Côté & Peter G. Wells
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Jansen, H.M.A. (1991). The economic perspective. In: Côté, R.P., Wells, P.G. (eds) Controlling Chemical Hazards. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-6849-6_8
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DOI: https://doi.org/10.1007/978-94-011-6849-6_8
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