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In addition, the ecological costs should be (but typically are not) considered.
The resulting economic and ecological costs are hard to predict.
The social, economic and ecological costs of this policy are so great that it must be changed."
Business activity has ecological costs that are often not taken into consideration in financial accounting.
Specifically how to account for ecological costs and tax based on such costs.
A simplified but excellent take from planet money looks at the GDP and ecological costs.
Nevertheless, and despite the support of several Thai politicians, the prohibitive financial and ecological costs suggest that no such canal will go ahead.
But "best" too often means monetary, excluding human and ecological costs, due to firms externalizing costs as a result of inadequately defined property rights.
The costs of natural resources, and everything derived from them, would ultimately be defined in terms of subsequent ecological costs of extracting and obtaining such resources.
The book contrasts this with the ecological costs of growing food in factory farms, transporting it thousands of miles, and adding chemical preservatives so it will not spoil.
If we hear that local people strongly support local palm oil development, we ignore it as an aberration or we insist that they do not fully understand the ecological costs.
CK defines "clean capitalism" as an economic system where prices fully incorporate social, economic and ecological costs and benefits, and actors are clearly aware of the consequences of their marketplace actions.
The purpose of a 2012 EPS PEAKS paper was to provide evidence on policies managing ecological costs and maximise socio-economic benefits of mining using host country regulatory initiatives.
His recommendations are far-reaching and specific - for example, to redefine gross national product to account for the ecological costs of growth, or to design tree-planting programs to insure that seedlings are nursed through the first year of growth.
About two years ago, concerned about the financial and ecological costs, national and provincial officials drew up plans to phase out most logging in Sichuan and restore the landscape, Mr. Shen and provincial officials said.
"We've come to realize the ecological costs of tapping nature for our purposes, and where possible we've started paying Mother Nature back," said George E. Schuler, director of the Nature Conservancy's Neversink Program.
This means that sustainable products, for example, that have sought to internalize the social and ecological costs associated with consumption and production will involve increased costs that are reflected in a higher consumer price, when they are compared to those that do not.
The ecological costs arise from the use of biocides for the avoidance of biofouling, from the increased fuel input to compensate for the reduced output caused by fouling, and an increased use of cooling water in once-through cooling systems.
The narrow economic emphasis of the integration policies pursued by the European Communities (EC)- epitomized by the planned introduction of the single market in 1992 - were widely condemned, since they would exact excessive social and ecological costs and lead to greater regional differences.
Regulatory measures: so long as the prices for energy from the conventional sources, such as nuclear energy, coal and oil and gas, totally disregard the social and ecological costs, it will be very difficult for energy gained from sun, wind and bio-mass to compete.
So while they consider the financial impact of proposed regulations on their wealthy backers, will they also think about the health costs to all citizens of not enforcing clean air standards, the ecological costs of not protecting wetlands, or the environmental costs of not addressing global warming?
Concerns over population were expressed by Thomas Malthus, while John Stuart Mill hypothesized that the "stationary state" of an economy was desirable, anticipating later insights of modern ecological economists, without having had their experience of the social and ecological costs of the dramatic post-World War II industrial expansion.