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comprehensive outcome

Michael Albert? claims that "the reason that markets and prices do not account for ecological impact is that markets account only for the direct effects of transactions on the immediate buyers and sellers." Paul Hawken? in his books Ecology of Commerce? and Natural Capitalism calls this the culminative outcome, while the outcome of a transaction with all externalities included he calls the comprehensive outcome - a key to full cost accounting. Without these externalities calculated it would be impossible even in principles to come to any accounting - let alone one that competing political factions agreed on.

This is a cite link. For more details see the GFDL corpus article en: wikipedia: comprehensive outcome(external link).



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