By departing from conventionally analytical tools such as Cobb-Douglas and CES production functions, the author quantitatively analyses the production structure and productivity of Japanese agriculture for the second half of the 20th century. To achieve this objective the book uses newly developed analytical tools from the early-1950s through to the 1980s such as the duality theorem, flexible functional forms, and index number theories. By making full use of these newly developed analytical tools, the author offers comprehensive, consistent, integrated, and reliable empirical results for analysing the production structure and productivity of postwar Japanese agriculture.
Volume 1 utilises the crop-livestock multiple product total and variable translog cost to quantitatively assess production structure and productivity from 1957-1997. Important indicators of production are estimated for different size classes for each
year and are compared over time. Furthermore, a distinctive feature of Volume 1 is the introduction of a newly devised method for decomposing the growth rate of labor productivity. This process departs from the conventional Solow growth account method, which is not explicitly integrated with the theory of the firm.

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.

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.

Experiments in geoengineering - intentionally manipulating the Earth's climate to reduce global warming - have become the focus of a vital debate about responsible science and innovation. Drawing on three years of sociological research working with scientists on one of the world's first major geoengineering projects, this book examines the politics of experimentation. Geoengineering provides a test case for rethinking the responsibilities of scientists and asking how science can take better care of the futures that it helps bring about. This book gives students, researchers and the general reader interested in the place of science in contemporary society a compelling framework for future thinking and discussion.

First published in 1970. The aim of this book is to provide an introduction to the special problems of agriculture in modern economies. The author writes for students of economics who have already acquired the elements of economic theory; no attempt is made, therefore, to explain simple theoretical concepts, but instead these are used in the analysis of some of the main problems of agricultural adjustment. Emphasis is placed on the position of agriculture in the economies of western Europe and of the United States. Sufficient historical background is given to explain the present use of the factors of production in agriculture and the way in which this use and policies of agricultural support vary from one country to another. Agricultural support policies are discussed with reference to their effect on consumers, producers and on rural society.

First published in 1995. Based on a detailed adjustment for the quality of inputs and outputs, this study develops state-level measures for total factor productivity growth in US agriculture which are used to determine (i) the presence and determinants of convergence across states; (ii) the contribution of individual factors of production to productivity growth; (iii) the importance of spillovers across states; (iv) the economic effects of, returns to, and factor biases of research and extension. This title will be of great interest to students of economics and agriculture.

Sustainability Principles and Practice gives an accessible and comprehensive overview of the interdisciplinary field of sustainability. The focus is on furnishing solutions and equipping students with both conceptual understanding and technical skills. Each chapter explores one aspect of the field, first introducing concepts and presenting issues, then supplying tools for working toward solutions. Elements of sustainability are examined piece by piece, and coverage ranges over ecosystems, social equity, environmental justice, food, energy, product life cycles, cities, and more. Techniques for management and measurement as well as case studies from around the world are provided. The 3rd edition includes greater coverage of resilience and systems thinking, an update on the Anthropocene as a formal geological epoch, the latest research from the IPCC, and a greater focus on diversity and social equity, together with new details such as sustainable consumption, textiles recycling, microplastics, and net-zero concepts. The coverage in this edition has been expanded to include issues, solutions, and new case studies from around the world, including Europe, Asia, and the Global South. Chapters include further reading and discussion questions. The book is supported by a companion website with online links, annotated bibliography, glossary, white papers, and additional case studies, together with projects, research problems, and group activities, all of which focus on real-world problem-solving of sustainability issues. This textbook is designed to be used by undergraduate college and university students in sustainability degree programs and other programs in which sustainability is taught.

This open access book focuses on the concepts, tools and techniques needed to successfully model ever-changing time-series data. It emphasizes the need for general models to account for the complexities of the modern world and how these can be applied to a range of issues facing Earth, from modelling volcanic eruptions, carbon dioxide emissions and global temperatures, to modelling unemployment rates, wage inflation and population growth. Except where otherwise noted, this book is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0.

After a century of exponential growth, the international oil industry suddenly slowed down in the 1970s, faltered during the 1980s, and by 1991 was just about back to its 1979 level. That break in trend of its dominance in world energy became clear in 'the OPEC decade' from 1973 onwards, gaining a surge of riches for oil-exporting countries. This book, which was originally published in 1993, is a descriptive analysis of influences in the world oil trade. It is concerned with a central unchanged paradox of the industry - its preoccupation with maximising the production of high-cost rather than low-cost oil. It follows the rise and decline of OPEC monopoly power in the crude market, and shows how growth in the international oil business has almost ceased since the late seventies, exploring the reasons behind this slowdown. The author has had twenty-five years of practical experience in petroleum economics.

Originally published in 1986. Energy economics emerged in the 1970s as one of the most controversial and critical aspects of European economic and political development. This book provides a fully comprehensive but easily accessible guide to the key issues of energy policy, placing them in a European context. As well as discussing oil price movements and their effects on European prosperity, it assesses the role of energy conservation and pricing policies. The chapters discuss the economic, political and social impact of nuclear power programmes, North Sea oil and gas discoveries, Soviet gas imports, and coal field closures, and go on to forecast possible future developments. This is for all those concerned with European and energy studies, especially political scientists, geographers, economists, and environmental and resource specialists.

Both Taiwan and China are extremely populous nations that, due to population pressures and continuing high growth levels, have experienced challenges in sustainable development. Hsu illustrates Taiwan's path toward sustainable development and contrasts it to that of China, suggesting ways in which Taiwan can help China implement its environmental and social policies, and in which China might help Taiwan continue its path toward sustainable environmental and social policies. She explains that although Taiwan is a small compared to China, some aspects of its development model can (and should) be scaled up for larger countries. The importance of regulation enforcement is clear regarding Taiwan's environmental protection program, as is the promotion of small and medium sized enterprises in promoting income and social equality. Similarly, China's experimental methodology - using small areas to explore different ways of living or different technologies - can be useful in Taiwan. In Lessons in Sustainable Development, Hsu examines China and Taiwan in terms of inequality and environmental issues.

In 1990, energy in the UK underwent a unique and fundamental transformation, with the privatization of the electricity supply industry. This is the first book to fully assess the experiment. It first explains how - and why - the British electricity supply industry was privatized. It then identifies the subsequent changes in electricity prices, profits, employment, investment, nuclear power and renewable, and the extent to which each of these was due solely to privatization or to other factors, or could have come about by reform of the previous model, rather than privatization. Finally, the authors analyse the key unresolved issues of regulation, introducing competition into the domestic energy market in 1998, supply security, and other long-term strategic considerations. Throughout, the distinguish between the uniquely British elements of the experience and those which can be drawn upon by other countries embarking upon similar reforms. Today, governments throughout the world are looking to the UK's experience as a potential prototype for the restructure of their own electricity supply industries. For them, and for electricity utilities, fuel and power plant suppliers, regulation authorities, financial analysts, international agencies, journalists and academics alike, this thorough and pragmatic study will be essential reading. 'This is likely to become the definitive book on the first six years of the great British electricity experiment' Walt Patterson The British Electricity Experiment is the result of a detailed study undertaken by the Energy Programme at the science Policy Research unit (SPRU). Professor John Surrey was head of SPR's Energy Programme between 1969 and 1986. He has worked with the central Electricity Generating Board, as a government Economic Adviser, and as a Specialist Adviser to numerous House of Commons Select Committee inquiries on energy matters. Originally published in 1996

China and Taiwan are two of the fastest growing economies of the newly industrialized countries. Much of this growth has come from multinational companies; partly, it has often been assumed, because the region provides a "pollution haven" multinationals would not enjoy elsewhere. Tsai tests this hypothesis with detailed empirical research. Focusing on the chemical sector, he compares the policies and behavior of three multinational corporations with three large local firms. His research shows that multinationals have created more enviromentallhy sound operations through local companies.

This volume explores the impact of Transnational Corporations (TNCs) on the environment of the Global South during this period of neoliberal globalization. Since the end of the 1970s, the role of TNCs in the global economy has developed significantly, and the subsequent changes to international institutions and the establishment of free trade zones have limited the effectiveness of environmental protections. Drawing together contributions from several continents, this important book examines the environmental consequences and crises resulting from these changes. It highlights the negative impact on the environment, ecosystems and ways of living for many people across the globe and shows how this is reflected in the struggle between corporate interests, social movements and human rights. Developing key themes around transnational extractive activity, especially mining and oil corporations; the impact of transnational capital on indigenous or traditional populations, and the role played by international institutions, Environmental Impacts of Transnational Corporations in the Global South is essential reading for all researchers and practitioners within the field.

This book intends to be an alert to the fact that the curve measuring environmental costs against the economic benefits of capitalism has irreversibly entered into a negative phase. The prospect of an environmental collapse has been evidenced by the sciences and the humanities since the 1960s. Today, it imposes its urgency. This collapse differs from past civilizations in that it is neither local nor just civilizational. It is global and occurs at the broadest level of the biosphere, accelerated by the convergence of different socio-environmental crises, such as: Earth energy imbalance, climate change and global warming Sea-level rise Decrease and degradation of forests Collapse of terrestrial and aquatic biodiversity Floods, droughts, wildfires, and extreme weather events Degradation of soils and water resources Increase in pollution caused by fossil fuels and coal Increase in waste production and industrial intoxication The book is divided in two parts. In the first part it presents a comprehensive review of scientific data to show the already visible effects of each of the different environmental crises and its consequences to human life on Earth. In the second part, Luiz Marques critically discusses what he calls the three concentric illusions that prevent us from realizing the gravity of the current socio-environmental crises: the illusion of a sustainable capitalism, the illusion that economic growth is still capable of providing more well-being and the anthropocentric illusion. Finally, Marques argues that "fitting" back into the biosphere will only be possible if we dismantle the expansive socioeconomic gear that has shaped our societies since the 16th century by moving from a Social Contract to a Natural Contract, which takes into account the whole biosphere. According to him, the future society will be post-capitalist or it will not be a complex society, and even perhaps, we must fear, no society at all. "This book is backed up with the latest and best science and has made the complexities understandable for the average reader, all in a context of hope for the future." - William J. Ripple, PhD, Distinguished Professor of Ecology, Director of the Alliance of World Scientists, Oregon State University

This collection breaks new ground by investigating applications of degrowth in a range of geographic, practical and theoretical contexts along the food chain. Degrowth challenges growth and advocates for everyday practices that limit socio-metabolic energy and material flows within planetary constraints. As such, the editors intend to map possibilities for food for degrowth to become established as a field of study. International contributors offer a range of examples and possibilities to develop more sustainable, localised, resilient and healthy food systems using degrowth principles of sufficiency, frugal abundance, security, autonomy and conviviality. Chapters are clustered in parts that critically examine food for degrowth in spheres of the household, collectives, networks, and narratives of broader activism and discourses. Themes include broadening and deepening concepts of care in food provisioning and social contexts; critically applying appropriate technologies; appreciating and integrating indigenous perspectives; challenging notions of 'waste', 'circular economies' and commodification; and addressing the ever-present impacts of market logic framed by growth. This book will be of greatest interest to students and scholars of critical food studies, sustainability studies, urban political ecology, geography, environmental studies such as environmental sociology, anthropology, ethnography, ecological economics and urban design and planning.

This book explores the obstacles facing indigenous communities, non-governmental organizations, governments, and international institutions in their attempts to protect the cultures of indigenous peoples and the world's remaining rainforests. Indigenous peoples are essential as guardians of the world's wild places for the maintenance of ecosystems and the prevention of climate change. The Amazonian/Andean indigenous philosophies of sumac kawsay/suma qamana (buen vivir) were the inspiration for the incorporation of the Rights of Nature into the Ecuadorian and Bolivian constitutions of 2008 and 2009. Yet despite the creation of the United Nations Permanent Forum on Indigenous Issues (2000), and the adoption of the United Nations Declaration on the Rights of Indigenous Peoples (2007), indigenous peoples have been marginalized from intergovernmental environmental negotiations. Indigenous environment protectors' lives are in danger while the Amazon rainforests continue to burn. By the third decade of the 21st century, the dawn of "woke" capitalism was accompanied by the expansion of ethical investment, with BlackRock leading the field in the "greening" of investment management, while Big Oil sought a career change in sustainable energy production. The final chapters explain the confluence of forces that has resulted in the continued expansion of the extractive frontier into indigenous territory in the Amazon, including areas occupied by peoples living in voluntary isolation. Among these forces are legal and extracurricular payments made to individuals, within indigenous communities and in state entities, and the use of tax havens to deposit unofficial payments made to secure public contracts. Solutions to loss of biodiversity and climate change may be found as much in the transformation of global financial and tax systems in terms of transparency and accountability, as in efforts by states, intergovernmental institutions and private foundations to protect wild areas through the designation of national parks, through climate finance, and other "sustainable" investment strategies.

The Blue Economy is emerging on the global scene as a powerful and persuasive new concept for sustainable development based on economic activities associated with the ocean. Several regions globally have adopted this concept at national and regional levels, including the Caribbean. Given the complex, multisectoral and multilevel nature of the Blue Economy, it is clear that different approaches will be needed for different regions. Hence, this volume explores the opportunities, threats and risks involved in operationalising the Blue Economy in the Wider Caribbean Region, defined as northern Brazil to the USA and all mainland and island countries and territories in-between. The first part of the book looks at where the region stands in the global picture regarding adoption of the Blue Economy and what is planned. The second set of chapters examines key crosscutting issues such as ecosystem services, climate change and governance at national and regional levels that could make or break the Blue Economy initiative. The book then goes on to explore the main sectoral activities that will constitute the Blue Economies in the region: fisheries, tourism, shipping and transport, renewable energy, oil and gas, seabed mining and waste management are all considered. The book ends with a synthesis of the political and technical requirements to overcome threats and take advantage of opportunities in the Blue Economy.

First published in 1997, this volume examines the urban environments of Accra (Ghana), Harare (Zimbabwe) and Gaborone (Botswana). Each was effectively the capital city of a former British colony, and hence inherited a concern for public health. Each has made a serious and largely successful effort to provide the public goods necessary for the well-being of their urban population. Each is well above the average for all of Sub-Saharan Africa (SSA) in these respects. However, the GDP per capita varies significantly between these three countries. Differences in standard of living are similarly evident. The authors focus intensively on public policies that determine who gets what, how they get it, and what price they pay.

North-East India, comprising the seven contiguous states around Assam, the principal state of the region, is a relatively unknown, yet very fascinating region. The forest clad peripheral mountains, home to indigenous peoples like the Nagas, Mizos and the Khasis, the densely populated Brahmaputra valley with its lush green tea gardens and the golden rice fields, the moderately populated hill regions and plateaus, and the sparsely inhabited Himalayas, form a unique mosaic of natural and cultural landscapes and human interactions, with unparalleled diversity. The book provides a glimpse into the region's past and gives a comprehensive picture of its physical environment, people, resources and its economy. The physical environment takes into account not only the structural base of the region, its physical characteristics and natural vegetation but also offers an impression of the region's biodiversity and the measures undertaken to preserve it. The people of the region, especially the indigenous population, inhabiting contrasting environments and speaking a variety of regional and local dialects, have received special attention, bringing into focus the role of migration that has influenced the traditional societies, for centuries. The book acquaints the readers with spatial distribution, life style and culture of the indigenous people, outlining the unique features of each tribe. The economy of the region, depending originally on primitive farming and cottage industries, like silkworm rearing, but now greatly transformed with the emergence of modern industries, power resources and expanding trade, is reviewed based on authentic data and actual field observations. The epilogue, the last chapter in the book, summarizes the authors' perception of the region and its future.

For the past 25 years, governmental decision-makers have employed the economic approach of benefit-cost analysis for resource allocation decisions. Environmental Economics describes, in a non-technical, readily understandable way, why the actual practice of benefit-cost analysis in environmental settings is heavily biased against the environment. The book provides environmentalists with the tools necessary to show policy-makers that pursuing many policies with apparent costs greater than benefits are, in fact, welfare enhancing.

Water exploitation has increased notably in the world during the last 250 years since the onset of industrialisation. The relationships between economic processes and water use are complex and include many interwoven drivers such as: technological development, dietary choices and food production, climate change, demographic change, and policy reforms, among others. Ensuring food, water, and energy for the growing population remains a common global challenge. Taking on a multi- and inter-disciplinary viewpoint, Water Resources and Economic Processes offers an up-to-date collection of contributions from leading scholars and works to gather research on important aspects of relevant fields and methodologies, including: Historical and long-term overview of the relations between income growth, water use, and technological development; Water markets and collaborative actions' promise and threats in the fight against water stress; Impact of climate change on water productivity, including inter- and intra-annual variations; Urban reforms and surveys on the attitude of citizens towards private and public mitigation and preservation measures; Regional, national, and global comparative case-studies; International trade, migration, conf licts, and the globalisation of water; Methodological and empirical challenges of building future scenarios. This book is a key reference text for those studying water governance and management. It is suited to PhD students, national institutions, and NGO, as well as other professionals interested in understanding sustainable water use at the local, national, and international scales.

The chapters in this volume are peer reviewed editions of the papers presented at the 7th meeting of the Rosenberg International Forum on Water Policy which was held in Buenos Aires, Argentina on November 15-17, 2010. The theme for Forum VII was Water for the Americas: Challenges and Opportunities. This Forum was unique in examining the water problems of the Americas and identifying water management experience gleaned in other parts of the world that might be useful in addressing the problems of the Americas. The sessions illustrated how the water problems of the Americas are common problems, differing only in degree from basin to basin. There was unanimity among the participants about the need for all inhabitants of the Americas to work together to ensure that everyone has access to adequate quantities of healthy water supplies and to appropriate sanitation services. This volume's approach is to identify different responses and policies that address common issues and learn from contrasts and experiences. The value and potential that this approach affords is that it provides critical judgments about what has worked well and what needs to be done to gain a better future for the Americas' water resources and society. Some issues covered in the volume are so pressing and urgent, chief among them is serving the unserved, that any delays putting out new facilities in many a rural areas of Central America may cost lives and reduce the outlook for children. Additionally, the volume makes clear that the outlook for the poorest and the future of hundreds of growing cities are threatened by climate change. This book looks into the future by analyzing present and relevant data and gains insight from the different developmental stages of the hemisphere.