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Human Well-Being and the Natural Environment (Paperback, New ed)
Loot Price: R1,765
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Human Well-Being and the Natural Environment (Paperback, New ed)
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In Human Well-Being and the Natural Environment, Partha Dasgupta
explores ways to measure the quality of life. In developing quality
of life indices, he pays particular attention to the natuaral
environment, illustrating how it can be incorporated, more
generally, into economic reasoning in a seamless manner. Such
familiar terms as "sustainable development," "social discount
rates," and Earth's "carrying capacity" are given a firm
theoretical underpinning. The author shows that, whether we are
interested in valuing the state of affairs in a country or in
evaluating economic policy there. The index that should be used is
the economy's wealth, which is the social worth of its capital
assets.
Dasgupta puts the theory he develops to use in extended
commentaries on the economics of population, poverty traps, global
warming, structural adjustment programs, and free trade,
particularly in relation to poor countries. The result is a
treatise that goes beyond quality-of-life measures and offers a
comprehensive account of the newly emergent subject of ecological
economics.
With the publication of this new paperback edition, Dasgupta has
taken the opportunity to update and revise his text in a number of
ways, including developments to facilitate its current use on a
number of graduate courses in environmental and resource economics.
The treatment of the welfare economics of imperfect economies has
been developed using new findings, and the appendix has been
expanded to include applications of the theory to a number of
institutions and to develop approximate formulae for estimating the
value of environmental natural resources.
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