One of the basic issues of accounting is to augment, or extend the conventional net national product measure so as to obtain a better indicator of welfare. This book extends the usual analysis on social accounting by taking into account technological change, externalities and uncertainty. It analyzes welfare measurement, sustainability and green accounting within general equilibrium models. A large part of the book is devoted to welfare measurement in the presence of technological change and external effects which complicate green accounting to a considerable extent. In addition to...