"Real economic efficiency implies including all resources that affect sustainable human well-being in the allocation system, not just marketed goods and services. Our current market allocation system excludes most non-marketed natural and social capital assets and services that are critical contributors to human well-being. The current economic model ignores this and therefore does not achieve real economic efficiency. A new, sustainable ecological economic model would measure and include the contributions of natural and social capital and could better approximate real economic efficiency."
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Original Language: English
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Robert Costanza, Toward a New Sustainable Economy, 2008. p. 46
https://en.wikiquote.org/wiki/Economic_model
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Economic model
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