Economics, Sustainability, and Democracy

Economics in the Era of Climate Change

Business & Finance, Economics, Theory of Economics
Cover of the book Economics, Sustainability, and Democracy by Christopher Nobbs, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Christopher Nobbs ISBN: 9781136255915
Publisher: Taylor and Francis Publication: September 10, 2012
Imprint: Routledge Language: English
Author: Christopher Nobbs
ISBN: 9781136255915
Publisher: Taylor and Francis
Publication: September 10, 2012
Imprint: Routledge
Language: English

How should we conduct economics in an era of climate change, natural resource depletion and population increase? These issues are systemic, and involve great uncertainties and long time horizons. This book contends that the free-market economics that has dominated capitalist democracies in recent decades is not up to the task; that the welfarist economics that preceded it, while preferable, also has inadequacies; and that what is required is an economics founded on ecological principles, greater respect for the laws of natural science, and a moral commitment to a sustainable future.

The book commences with an exposition of major aspects of orthodox macroeconomic and microeconomic theory. It then explores the bounds of orthodox theory in relation to ethics, liberalism, ideology, society, the international economy, globalization, and the environment, and seeks lessons for a future economics. Issues raised by natural resource use and climate change are given particular prominence. Many of the issues of critical importance in coming decades involve not private goods but public goods: goods which markets are ill-equipped to deal with. In the resolution of these issues political processes will need to be engaged. The availability to each individual of clean air, clean water and adequate sustenance, goods which cannot be provided for by economic production alone, are of central concern.

While acknowledging the importance of market processes, the author argues in favour of a more deliberative and democratic economy, the greater engagement of civil society, environmental human rights and responsibilities, and in favour of a World Environment Organization, change in the conduct of the World Trade Organization, and for economists to accept moral responsibility for the policies they advocate. Specific case studies are given and potential policies outlined.

This book will be of interest not only to economists but also to citizens generally and students concerned with public affairs.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

How should we conduct economics in an era of climate change, natural resource depletion and population increase? These issues are systemic, and involve great uncertainties and long time horizons. This book contends that the free-market economics that has dominated capitalist democracies in recent decades is not up to the task; that the welfarist economics that preceded it, while preferable, also has inadequacies; and that what is required is an economics founded on ecological principles, greater respect for the laws of natural science, and a moral commitment to a sustainable future.

The book commences with an exposition of major aspects of orthodox macroeconomic and microeconomic theory. It then explores the bounds of orthodox theory in relation to ethics, liberalism, ideology, society, the international economy, globalization, and the environment, and seeks lessons for a future economics. Issues raised by natural resource use and climate change are given particular prominence. Many of the issues of critical importance in coming decades involve not private goods but public goods: goods which markets are ill-equipped to deal with. In the resolution of these issues political processes will need to be engaged. The availability to each individual of clean air, clean water and adequate sustenance, goods which cannot be provided for by economic production alone, are of central concern.

While acknowledging the importance of market processes, the author argues in favour of a more deliberative and democratic economy, the greater engagement of civil society, environmental human rights and responsibilities, and in favour of a World Environment Organization, change in the conduct of the World Trade Organization, and for economists to accept moral responsibility for the policies they advocate. Specific case studies are given and potential policies outlined.

This book will be of interest not only to economists but also to citizens generally and students concerned with public affairs.

More books from Taylor and Francis

Cover of the book Neill of Summerhill (Routledge Revivals) by Christopher Nobbs
Cover of the book Inferiority Feelings by Christopher Nobbs
Cover of the book The Pedagogy of Creativity by Christopher Nobbs
Cover of the book Creative Learning in the Early Years by Christopher Nobbs
Cover of the book How to Win Campaigns by Christopher Nobbs
Cover of the book Thrills and Regressions by Christopher Nobbs
Cover of the book Strategic Career Management by Christopher Nobbs
Cover of the book Jews in the Early Modern English Imagination by Christopher Nobbs
Cover of the book The Chinese Journalist by Christopher Nobbs
Cover of the book The Official CIM Coursebook: Strategic Marketing Decisions 2008-2009 by Christopher Nobbs
Cover of the book Grounds and Envelopes by Christopher Nobbs
Cover of the book A History of Children's Play and Play Environments by Christopher Nobbs
Cover of the book Mental Health Social Work in Ireland by Christopher Nobbs
Cover of the book Depreciation and Capital Maintenance (RLE Accounting) by Christopher Nobbs
Cover of the book Power and Conflict Between Doctors and Nurses by Christopher Nobbs
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy