This book explores the causes and consequences of market failure in bridging societal differences to create a shared economy. It questions the current world order and evaluates socio-economic gains in reference to the social origins of the economic agents. With a need to counterbalance economic growth with social equality and environmental sustainability, the book proposes innovative approaches to address key questions on the contemporary global economy such as, "Is the Global socio-economic order supportive of the pursuit of rational and enlightened self -interest?", "Is it a unipolar power centre and neoliberal economic policy regime?", "Can the system reinvent itself?", etc. One approach encourages going back to the golden past and making things "great again", insisting that history has ended and the failures of old global institutions be blamed on the "Clash of Civilizations". Another approach advocates giving up the intellectual comfort zone of elegant but irrelevant neo-liberal explanations of global challenges and asking new questions that take academic debate to the public square. The book examines the internal challenges and contradictions that cause disintegration and proposes alternative ideas and practices in moving the global community beyond the free market regime. The book will appeal to students and academics of development studies, political economy, political science, sociology, as well as policymakers and public opinion makers interested in creating a new egalitarian global society.

This book explores the causes and consequences of market failure in bridging societal differences to create a shared economy. It questions the current world order and evaluates socio-economic gains in reference to the social origins of the economic agents. With a need to counterbalance economic growth with social equality and environmental sustainability, the book proposes innovative approaches to address key questions on the contemporary global economy such as, "Is the Global socio-economic order supportive of the pursuit of rational and enlightened self -interest?", "Is it a unipolar power centre and neoliberal economic policy regime?", "Can the system reinvent itself?", etc. One approach encourages going back to the golden past and making things "great again", insisting that history has ended and the failures of old global institutions be blamed on the "Clash of Civilizations". Another approach advocates giving up the intellectual comfort zone of elegant but irrelevant neo-liberal explanations of global challenges and asking new questions that take academic debate to the public square. The book examines the internal challenges and contradictions that cause disintegration and proposes alternative ideas and practices in moving the global community beyond the free market regime. The book will appeal to students and academics of development studies, political economy, political science, sociology, as well as policymakers and public opinion makers interested in creating a new egalitarian global society.

This book presents essential advances in analytical frameworks and tools for modeling the spatial and economic impacts of disasters. In the wake of natural disasters, such as Hurricane Katrina, the Haiti Earthquake, and the East Japan Earthquake and Tsunami, as well as major terrorist attacks, the book analyzes disaster impacts from various perspectives, including resilience, space-time extensions, and decision-making strategies, in order to better understand how and to what extent these events impact economies and societies around the world. The contributing authors are internationally recognized experts from various disciplines, such as economics, geography, planning, regional science, civil engineering, and risk management. Thanks to the insights they provide, the book will benefit not only researchers in these and related fields, but also graduate students, disaster management professionals, and other decision-makers.

This book examines the global scope of tourism-related grabbing of land and other natural resources. Tourism is often presented as a peaceful and benevolent sector that brings people from different cultural backgrounds together and contributes to employment, poverty alleviation, and global sustainable development. This book sheds light on the lesser known and much darker side of tourism as it unfolds in the Global South. While there is no doubt that tourism has been an engine of economic growth for many so-called developing countries, this has often come at the cost of widespread dispossession and displacement of Indigenous and non-indigenous communities. In many countries of the Global South, tourism development is increasingly prioritised by governments, businesses, international financial institutions and donors over the legitimate land and resource rights of local people. This book examines the actors, drivers, mechanisms, discourses and impacts of tourism-related land grabbing and displacement, drawing on more than thirty case studies from Latin America and the Caribbean, sub-Saharan Africa, South and Southeast Asia, the Middle East and the Southwest Pacific. The book provides solid grounds for an informed debate on how different actors are responsible for the adverse impacts of tourism on land rights infringements, what forms of resistance have been deployed against tourism-related land grabs and displacement, and how those who have violated local land and resource rights can be held accountable. Tourism, Land Grabs and Displacement will be essential reading for students and scholars of land and resource grabbing, tourism studies, development studies and sustainable development more broadly, as well as policymakers and practitioners working in those fields.

This book offers a lively account of the humanitarian, economic, societal, and planetwide impacts of the pandemics, the COVID-19 pandemic included, which are traced back to as early as the 14th century plague pandemic. Placing the pandemics along with other globally shared resources, such as global warming, AI singularity, and high-risk physics experiments, each of the nine chapters of the book discusses the global health crises from a variety of unique standpoints, including infectious diseases, economics, governance, and public health. Based on the historical records of past pandemics and the rich data from the COVID-19 pandemic, a conceptual framework is presented for the economics of pandemics as a globally shared experience. This book aims to critically examine salient features in the global responses to the COVID-19 pandemic, including global governance, lockdowns, radical movements, and mRNA vaccines. The book will be a valuable resource to students, researchers, and policymakers who are working in the fields of environmental economics, global-scale public goods, and health economics.

Originally published in 1992 Economics for the Wilds argues that an economics that properly values the resources of the wilds offers the best long-term security for their future. Most of the world's wilds have, in fact, always been utilized by local societies who have managed their resources sustainably, and one important guarantee for their preservation is therefore the continued participation of those communities and an adequate reward to them for their management. The book looks at the complexity and global nature of the issues, at the application of economics to the wilds and at the policies for their conservation and sustainable management which then result. It also examines specific forms of utilization of wild species and habitats, both sustainable and unsustainable, and including community-based development, tourism, the use of rainforest products, poaching and the impact of conservation on wildlife use. The book concludes that a comprehensive utilization strategy for wild resources is needed to ensure their continued existence and the continued flow of benefits from them.

Moving Beyond Modern Portfolio Theory: Investing That Matters tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. It's time for MPT to evolve. The authors propose a new imperative to improve finance's ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy. They show how some of the largest investors in the world focus not on picking stocks, but on mitigating systemic risks, such as climate change and a lack of gender diversity, so as to improve the risk/return of the market as a whole, despite current theory saying that should be impossible. "Moving beyond MPT" recognizes the complex relations between investing and the systems on which capital markets rely, "Investing that matters" embraces MPT's focus on diversification and risk adjusted return, but understands them in the context of the real economy and the total return needs of investors. Whether an investor, an MBA student, a Finance Professor or a sustainability professional, Moving Beyond Modern Portfolio Theory: Investing That Matters is thought-provoking and relevant. Its bold critique shows how the real world already is moving beyond investing orthodoxy.

This important book deals with the essential principles of resource and environmental economics, provides applications to contemporary issues in this field, and outlines and assesses policies being used or proposed for managing the use of environmental and natural resources. Covering specific contemporary topics such as agriculture and the environment, water use, greenhouse gas management, biodiversity conservation, tourism and the environment, and environmental economics and health, leading issues in resource and environmental economics are outlined and analyzed in an innovative manner. Institutional economics (both new and traditional) is applied and compared with other approaches such as neoclassical economics, behavioral economics and the Austrian School of Economics. This heterogeneous, multi-perspective approach enables problems to be considered from several different angles, thus enhancing the reader's comprehension of the subject matter. Furthermore, using minimal technical jargon, the book takes into account aspects of modern economic analysis such as the costs of and constraints on decision-making and the transaction costs involved in policy implementation.

This important book deals with the essential principles of resource and environmental economics, provides applications to contemporary issues in this field, and outlines and assesses policies being used or proposed for managing the use of environmental and natural resources. Covering specific contemporary topics such as agriculture and the environment, water use, greenhouse gas management, biodiversity conservation, tourism and the environment, and environmental economics and health, leading issues in resource and environmental economics are outlined and analyzed in an innovative manner. Institutional economics (both new and traditional) is applied and compared with other approaches such as neoclassical economics, behavioral economics and the Austrian School of Economics. This heterogeneous, multi-perspective approach enables problems to be considered from several different angles, thus enhancing the reader's comprehension of the subject matter. Furthermore, using minimal technical jargon, the book takes into account aspects of modern economic analysis such as the costs of and constraints on decision-making and the transaction costs involved in policy implementation.

This book explores the microstructure of carbon markets and the pricing of carbon financial instruments generally. It provides a critical microstructure analysis of the EU Emissions Trading Scheme (EU-ETS), and also examines the theoretical and related market design issues affecting emissions trading schemes. Individual chapters analyse how intraday pricing evolves in carbon markets, the price impact of block trades in carbon financial instruments and their determinants, short and long-term liquidity effects in carbon markets, and the links between carbon market liquidity and efficiency. The aforementioned issues are explored using case studies of two major trading platforms operating within the EU-ETS. The book concludes by focusing on future policy and regulatory challenges in carbon markets, especially with respect to addressing pricing volatility challenges.

This volume consists of three sections connected by the elucidation of differences in perspective between people and polities. The first, concentrating on ecology, serves in part to further explore the theme of climate change. It looks into aquifer usage and ecology in the Midwestern United States, farming and climate shifts in Costa Rica and in Burkina Faso, and goat herding and conservation issues in the Himalayas. The second section focuses on exchange transactions and relations in a variety of situations and settings: among Nigerian immigrant business owners in New York City, along the path of the famous Koh-i-noor Diamond from India to the Tower of London, and between dealers and buyers in illegal narcotics markets in the Eastern, Midwestern, and Pacific Northwestern USA. Finally, papers in the third section share a concern with individual and group adaptations to certain conditions of life. Offered are investigations into relations between stock brokers and professional investors in Malaysia, attempts to foster innovation in Western Japan, women's farming strategies and autonomy in Western Kenya, and alternative healing decisions and practices in Brazil.

The papers in this volume were presented at the Energy and Resource Workshop Series at Texas A&M University. Topics presented at the workshops were forums for the discussion of research concerning the economics of energy and other natural resources. Chapter topics include: new competition developing in the electric utility industry; the availability of fossil fuels throughout the coming century; innovations in natural gas exploration and production; and international cooperation to limit carbon emissions. This volume makes a timely and important addition to the series.

These investigations identify and clarify some basic assumptions and methodological principles involved in ecological explanations of plant associations. How are plants geographically distributed into characteristic groups? What are the basic conditions that organize groups of interspecific plant populations that are characteristic of particular kinds of habitats? Answers to these questions concerning the geographical distribution of plants in late 19th century European plant geography and early 20th century American plant ecology can be distinguished according to differing logical assumptions concerning the habitats of plant associations. Through an analysis of several significant case studies in the early history of plant ecology, Konopka distinguishes a logic of habitats that conceives of plant associations in an analogy to individual organisms with a logic that conceives of plant associations in a reciprocal relation to habitat physiography. He argues that a phenomenological conception of the logical attributes of habitats can philosophically complement the physiographic tradition in early plant ecology and provide an attractive alternative to standard reductionism and holism debates that persist today. This wide ranging and original analysis will be valuable for readers interested in the history and philosophy of ecology.

This book provides an up-to-date series of advanced chapters on applied financial econometric techniques pertaining the various fields of commodities finance, mathematics & stochastics, international macroeconomics and financial econometrics. Financial Mathematics, Volatility and Covariance Modelling: Volume 2 provides a key repository on the current state of knowledge, the latest debates and recent literature on financial mathematics, volatility and covariance modelling. The first section is devoted to mathematical finance, stochastic modelling and control optimization. Chapters explore the recent financial crisis, the increase of uncertainty and volatility, and propose an alternative approach to deal with these issues. The second section covers financial volatility and covariance modelling and explores proposals for dealing with recent developments in financial econometrics This book will be useful to students and researchers in applied econometrics; academics and students seeking convenient access to an unfamiliar area. It will also be of great interest established researchers seeking a single repository on the current state of knowledge, current debates and relevant literature.

The topic of 'stranded assets' created by environment-related risk factors has risen up the agenda dramatically, influencing many pressing topics in relation to global environmental change. For example: how best to manage the exposure of investments to environment-related risks so that financial institutions can avoid stranded assets; the financial stability implications of stranded assets and what this means for macroprudential regulation, microprudential regulation, and financial conduct; reducing the negative consequences of stranded assets by finding ways to address unemployment, lost profits, and reduced tax income; internalising the risk of stranded assets in corporate strategy and decision-making, particularly in carbon intensive sectors susceptible to the effects of societal action on climate change; underpinning arguments by civil society campaigns attempting to secure rapid decarbonisation to reduce the scale of anthropogenic climate change; and designing decarbonisation plans developed by governments, as well as companies and investors. Taken as a whole, this book provides some of the latest thinking on how stranded assets are relevant to investor strategy and decision-making, as well as those seeking to understand and influence financial institutions. This book was originally published as a special issue of the Journal of Sustainable Finance and Investment.

This book addresses the relevance of geographical indication (GI) as a tool for local and socio-economic development and democratization of agri-food, with case studies from Asia, Europe and the Americas. A geographical indication is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. It provides not only a way for businesses to leverage the value of their geographically unique products, but also to inform and attract consumers. A highly contested topic, GI is praised as a tool for the revitalization of agricultural communities, while also criticized for being an instrument exploited by global corporate forces to promote their interests. There are concerns that the promotion of GI may hamper the establishment of democratic forms of development. The contributing authors address this topic by offering theoretically informed investigations of GI from around the world. The book includes case studies ranging from green tea in Japan, olive oil in Turkey and dried fish in Norway, to French wine and Mexican Mezcal. It also places GI in the broader context of the evolution and trends of agri-food under neoliberal globalization. The book will be of interest to researchers, policy makers and students in agri-food studies, sociology of food and agriculture, geography, agricultural and rural economics, environmental and intellectual property law, and social development.

The 2007-2008 financial crisis exposed the shortcomings of mainstream economic theory with economists unprepared to deal with it. In the face of this, a major rethinking of economics seems necessary and in presenting alternative approaches to economic theory, this book contributes to the rebuilding of the discipline. This volume brings together contributions from different perspectives and theoretical approaches that address the challenge of updating the economic theory corpus and seek to recover prestige for this discipline after the failure of neoclassical economics. It addresses a range of topics, including the complexity approach to economics, category theory, the Post-Keynesian approach to micro and macroeconomics, financialisation, multidimensional analysis and ecological economics. The book is aimed at economics scholars, researchers, academics and practitioners, as well as upper undergraduates and graduates in this area of knowledge. It may also be of interest for people interested in methodological issues in economics and the relationship between economic theory and the real world.

This handbook showcases the broad spectrum of diverse approaches to environmental accounting which have developed during the last 30 years across the globe. The volume covers a range of physical issues such as water, carbon and biodiversity, as well as specific accounting matters such as management control, finance and audit. Moreover, seven chapters present environmental accounting issues that arise in the regions of Africa, Asia, Europe, MENA, North America, the Pacific and South America. The handbook also highlights future challenges in all the topic areas addressed as well as introducing new topics, such as links between environmental accounting and the circular economy, and the issues associated with animal rights. Edited by leading scholars in the area and with key contributions from across the discipline, and covering a diverse range of perspectives and locations, the volume is divided into five key parts: * Part 1: Framing the issues * Part 2: Financial accounting and reporting * Part 3: Management accounting * Part 4: Global and local perspectives * Part 5: Thematic topics in environmental accounting This handbook will act as a significant publication in drawing together the history of the field and important reference points in its future development, and will serve as a vital resource for students and scholars of environmental accounting and environmental economics.

This title includes a number of Open Access chapters. With increasing global urbanization, the environments and ecologies of cities are often perceived to suffer. While pollution and destruction of green space and species may occur, cities also remain part of natural systems. Cities provide natural processes necessary for survival for humans and other living organisms in urban areas. Urban ecology elucidates some of these processes and sheds light on their importance to healthy, fulfilling urban livelihoods. Urban Ecology: Strategies for Green Infrastructure and Land Use provides background on issues relating to urban ecology and urban natural processes. The first section covers the types, values, and recognition of ecosystem services provided by natural processes in urban areas. The second section details the importance and potential of green spaces in urban areas. The third section focuses on biodiversity traits of cities, and the ways in which urbanization affects biodiversity indicators. Finally, the fourth section covers some of the tools and approaches available for urban planners and designers concerned with improving or maintaining urban environments and the services they provide. This easily accessible reference volume offers a comprehensive guide to this rapidly growing field. Case studies and up-to-date research provide urban planners with new options for creating cities that will meet the demands of the twenty-first century. Also appropriate for graduate students who are preparing for careers related to urban planning, this compendium captures and integrates the current work being done in this vitally important field.

This title includes a number of Open Access chapters. Two trends come together in the world's cities to make urban sustainability a critical issue today. First, greater and greater numbers of people are living in urban areas-and are projected to do so for the foreseeable future. Additionally, cities contribute to climate change in a significant way and must make systemic changes to mitigate and adapt to climate change effects. Urban planners face serious challenges in enhancing sustainability but also have an important set of tools available for creating innovative solutions. This book adds to the conversation about the place of urban planning in the creation and maintenance of sustainable cities.

This title includes a number of Open Access chapters. Because cities are such complex systems, creating sustainable urban environments is a challenging goal. No single strategy-or even several strategies-will be enough to achieve tomorrow's healthy and sustainable cities. The challenges resist compartmentalization, because the factors intersect and overlap. The articles in this compendium were chosen to expand the understanding of these complicated issues in a non-linear way. The editor has selected research in the following topics: improving urban air quality; municipal solid waste alternatives; municipal water management; reducing urban energy consumption.

This book examines changes and transitions in the way water is managed in urban environments. This book originated from a joint French-Australian initiative on water and land management held in Montpellier, France. The book delivers practical insights into urban water management. It links scientific insights of researchers with the practical experiences of urban water practitioners to understand and respond to key trends in how urban water is supplied, treated and consumed. The 51 contributors to the volume provide a range of insights, case studies, summaries and analyses of urban water and from a global perspective. The first section on water supply and sanitation includes case studies from Zimbabwe, France and South Africa, among others. Water demand and water economics are addressed in the second section of the book, with chapters on long-term water demand forecasting, the social determinants of water consumption in Australian cities, a study of water quality and consumption in France, governance and regulation of the urban water sector and more. The third section explores water governance and integrated management, with chapters on water management in Quebec, in the Rotterdam-Rijnmond urban area, in Singapore and in Australia. The final section offers perspectives on challenges and future uncertainties for urban water systems in transition. Collectively, the diverse insights provide an important step forward in response to the challenges of sustainably delivering water safely, efficiently and equitably.

Using a philosophical and interdisciplinary approach, this book looks at how accountability can provide solutions to our current environmental and global political problems. When a social system has external elements imposed upon it, or presented to it, political problems are likely to emerge. This book demonstrates that what is needed are connecting social elements with a natural affinity to bring people together despite their differences. This book is different from others in the field. It provides new insights by critiquing the extant understandings of accountability and expands the possibilities by building on Charles Taylor's philosophies. Central to the argument of the book are perspectives on authenticity and expressivism which are found to provide a radical reworking of our understanding of being in the world, and a starting point for rethinking the way individuals and communities ought to be dealing politically with accountability and ecological crises. The argument builds to an accountability perspective that utilises work from interpretivism, liberalism, and postmodern theory. The book will be of interest to researchers in environmental philosophy, critical perspectives on accounting, corporate governance, corporate social reporting, and environmental accounting.

The world economy today is at an historical inflection point. The neoclassical (industrial) model of economics is self-destructing while a new life-mimicking model, based on radically different assumptions, is emerging. Although rarely acknowledged in economic journals, Nordic countries, which pioneered the life-mimicking model, have become world leaders in prosperity and productivity while those operating on the older neoclassical/industrial model are trapped in downward spirals. By approaching economies as sub-systems of life rather than super-systems that transcend life, we gain transformative insights. Such thinking led to the first circular economy experiments in Kalundborg (Denmark) during the 1970s, then quickly spread to the rest of the Nordic world. By placing a higher value on living assets (people and Nature) than on non-living capital assets, this approach generates harmony rather than exploitation and conflict. Because Nordic people feel vested in the system and responsible for its success, they are extraordinarily innovative and productive. That is why Nordic companies are regularly rated among the world's most sustainable and profitable in their fields - even though their region holds less than half of one percent of the world's population. Written in an accessible way for non-economists, the book is ideal for readers interested in the benefits of biomimicry and methods of guiding democratic countries along a proven path of self-renewal. Economies That Mimic Life will also provide useful background for corporate leaders in scenario planning and strategic thinking. Knowing which way the political-economic wind is blowing will become increasingly important to corporate survival.

This two-volume book provides an important overview to EU economic and policy issues related to the development of the bioeconomy. What have been the recent trends and what are the implications for future economic development and policy making? Where does EU bioeconomy policy sit within an international context and what are the financial frameworks behind them? Volume I explores the economic theory of bioeconomy policy, as well as European integration, European agriculture, EU budget and future developments in EU agriculture policies.