Karl-Goran Maler's work has been a mainstay of the frontiers of environmental economics for more than three decades. This outstanding book, in his honour, assembles some of the best minds in the economics profession to confront and resolve many of the problems affecting the husbandry of our national environments. This book investigates many of the recent advances in economics, in terms of the management of natural resources and environments. The authors also concentrate on other important issues such as control theory for non-convex economic problems, duopoly theory, game theory, local public finance, patent races and population control. In addition, they investigate the difficulties involved in constructing environmental agreements, and detail the potential benefits of marrying together the disciplines of ecology and economics. As a whole, the book effectively illustrates both the power and limitations of economics to shed light on many of today's pressing environmental issues. The diverse range of topics and exceptional quality of the authors - including contributions by Nobel Laureates Kenneth J. Arrow and Robert M. Solow - will make this book essential reading for academics and advanced level students of environmental and resource economics, as well as natural scientists with an interest in resource allocation issues.

This is a collection of theoretical papers, including contributions by Partha Dasgupta and three Nobel prize-winning economists: Kenneth Arrow, Amartya Sen, and Joseph Stiglitz. Originally published in 1982.

The rapidly increasing human pressure on the biosphere is pushing biodiversity into the sixth mass extinction event in the history of life on Earth. The organisms being exterminated are integral working parts of our planet's life support system, and their loss is permanent. Like climate change, this irreversible loss has potentially devastating consequences for humanity. As we come to recognise the many ways in which we depend on nature, this can pave the way for a new ethic that acknowledges the importance of co-existence between humans and other species. Biological Extinction features chapters contributed by leading thinkers in diverse fields of knowledge and practice, including biology, economics, geology, archaeology, demography, architecture and intermediate technology. Drawing on examples from various socio-ecological systems, the book offers new perspectives on the urgent issue of biological extinction, proposing novel solutions to the problems that we face.

Economics has the capacity to offer us deep insights into some of the most formidable problems of life, and offer solutions to them too. Combining a global approach with examples from everyday life, Partha Dasgupta describes the lives of two children who live very different lives in different parts of the world: in the Mid-West USA and in Ethiopia. He compares the obstacles facing them, and the processes that shape their lives, their families, and their futures. He shows how economics uncovers these processes, finds explanations for them, and how it forms policies and solutions. Along the way, Dasgupta provides an intelligent and accessible introduction to key economic factors and concepts such as individual choices, national policies, efficiency, equity, development, sustainability, dynamic equilibrium, property rights, markets, and public goods. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

A growing awareness of the contribution that technological change has made and can make to economic and social welfare has brought science and technology policy to the forefront of public discussions in both national and international forums. The papers in this volume, first presented at a Centre for Economic Policy Research conference held in London in September 1986 on the Economics of Technology Policy, represent a wide ranging contribution to the debate. Generally aimed at the non-specialist, the papers cover both the experience and application of policy as well as providing in-depth discussions of the rationale for intervention in the process of technological change. The authors include both policy-makers (Barber, Ergas and White) and the academic economists (Dasgupta, David, Griliches, Lyons, Pakes, Stiglitz and Stoneman). The volume will be of particular interest to policy-makers and their advisers concerned with technology-related issues and will contribute significantly to undergraduate and graduate courses in the same area.

Handbook in Environmental Economics, Volume 4, the latest in this ongoing series, highlights new advances in the field, with this new volume presenting timely chapters on Modeling Ecosystems and Economic Systems, Framing Sustainability Policy Questions: Who Leads - Ecology or Economics?, Valuing Natural Capital Within an Integrated Economic Ecological, Developing Economies, Urbanization, Climate Change and Health, Viewing Environmental Policy Instruments for Domestic and International Perspective, Quasi experimental Estimation of Environmental Policies, Environment Macro, The Rules for Formal and Informal Institutions in Managing Environmental Resources, and How Should Uncertainty Be Integrated into the Methods for Policy Evaluation?

How should we evaluate the ethics of procreation, especially the environmental consequences of reproductive decisions on future generations, in a resource-constrained world? While demographers, moral philosophers, and environmental scientists have separately discussed the implications of population size for sustainability, no one has attempted to synthesize the concerns and values of these approaches. The culmination of a half century of engagement with population ethics, Partha Dasgupta's masterful Time and the Generations blends economics, philosophy, and ecology to offer an original lens on the difficult topic of optimum global population. After offering careful attention to global inequality and the imbalance of power between men and women, Dasgupta provides tentative answers to two fundamental questions: What level of economic activity can our planet support over the long run, and what does the answer say about optimum population numbers? He develops a population ethics that can be used to evaluate our choices and guide our sense of a sustainable global population and living standards. Structured around a central essay from Dasgupta, the book also features a foreword from Robert Solow; correspondence with Kenneth Arrow; incisive commentaries from Joseph Stiglitz, Eric Maskin, and Scott Barrett; an extended response by the author to them; and a joint paper with Aisha Dasgupta on inequalities in reproductive decisions and the idea of reproductive rights. Taken together, Time and the Generations represents a fascinating dialogue between world-renowned economists on a central issue of our time.

Kenneth J. Arrow's pathbreaking "impossibility theorem" was a watershed innovation in the history of welfare economics, voting theory, and collective choice, demonstrating that there is no voting rule that satisfies the four desirable axioms of decisiveness, consensus, nondictatorship, and independence. In this book Eric Maskin and Amartya Sen explore the implications of Arrow's theorem. Sen considers its ongoing utility, exploring the theorem's value and limitations in relation to recent research on social reasoning, and Maskin discusses how to design a voting rule that gets us closer to the ideal-given the impossibility of achieving the ideal. The volume also contains a contextual introduction by social choice scholar Prasanta K. Pattanaik and commentaries from Joseph E. Stiglitz and Kenneth J. Arrow himself, as well as essays by Maskin, Dasgupta, and Sen outlining the mathematical proof and framework behind their assertions.

The rapidly increasing human pressure on the biosphere is pushing biodiversity into the sixth mass extinction event in the history of life on Earth. The organisms being exterminated are integral working parts of our planet's life support system, and their loss is permanent. Like climate change, this irreversible loss has potentially devastating consequences for humanity. As we come to recognise the many ways in which we depend on nature, this can pave the way for a new ethic that acknowledges the importance of co-existence between humans and other species. Biological Extinction features chapters contributed by leading thinkers in diverse fields of knowledge and practice, including biology, economics, geology, archaeology, demography, architecture and intermediate technology. Drawing on examples from various socio-ecological systems, the book offers new perspectives on the urgent issue of biological extinction, proposing novel solutions to the problems that we face.

Is knowledge an economic good? Which are the characteristics of the institutions regulating the production and diffusion of knowledge? Cumulation of knowledge is a key determinant of economic growth, but only recently knowledge has moved to the core of economic analysis. Recent literature also gives profound insights into events like scientific progress, artistic and craft development which have been rarely addressed as socio-economic institutions, being the domain of sociologists and historians rather than economists. This volume adopts a multidisciplinary approach to bring knowledge in the focus of attention, as a key economic issue.

Economists often assume that ecosystem and population dynamics are subject to convex, even linear processes. But research by ecosystem and population ecologists suggests that such processes are very often non-convex, for example a possible flip of the Gulf Stream due to fresh water intrusion from melting glaciers. This has dramatic implications for environmental and resource economics, since mistakes in management could prove more costly than imagined.

Economists often assume that ecosystem and population dynamics are subject to convex, even linear processes. But research by ecosystem and population ecologists suggests that such processes are very often non-convex, for example a possible flip of the Gulf Stream due to fresh water intrusion from melting glaciers. This has dramatic implications for environmental and resource economics, since mistakes in management could prove more costly than imagined.

This book provides an account of the current understanding of social capital. It covers both theoretical and empirical studies, and the concept is debated throughout. Also included in this volume is the classic 1987 article by the late James Coleman, 'Social Capital in the Creation of Human Capital', which formed the basis for the development of social capital as an organizing concept in the social sciences. The volume is divided into areas that cover the analytical foundations and institutional and statistical analyses of social capital.

Is knowledge an economic good? Which are the characteristics of the institutions regulating the production and diffusion of knowledge? Cumulation of knowledge is a key determinant of economic growth, but only recently knowledge has moved to the core of economic analysis. Recent literature also gives profound insights into events like scientific progress, artistic and craft development which have been rarely addressed as socio-economic institutions, being the domain of sociologists and historians rather than economists. This volume adopts a multidisciplinary approach to bring knowledge in the focus of attention, as a key economic issue.

This book is volume 3 of the proceedings of the World Economic Congress held in Athens in August 1989, under the auspices of the International Economic Association. It considers various aspects of economic policy and development faced by countries with different social, cultural and political systems.;Part 1 deals with agricultural issues, with an emphasis on public choice theory and aspects of welfare in various countries, including the USA and the European Community. In Part 2, food security and nutrition issues are analyzed, and the problems of achieving sufficient nutrition levels and sex bias are tackled, with case studies ranging from sub-Saharan Africa to Bangladesh. Part 3 is devoted primarily to debt, trade and industrialization issues in developing countries. Five case studies are presented, concentrating on Latin America and Africa, and solutions are proposed to intractable problems. Lastly, in Part 4, development within centrally planned economies is considered. The four papers in this section provide an up-to-date assessment of some of the problems of economic transition from central planning to market economy and the implications for the role of central government.

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.

Transnational commons, cross-border areas without well-defined property rights, have long been ignored in 'official' development economics. This volume redresses the balance by adopting an environmental approach which stresses the importance of shared natural resources and the links between acute poverty and environmental degradation. The Economics of Transnational Commons draws together eminent contributors from fields as diverse as law, population studies, social anthropology, biological sciences, and economics, to present authoritative accounts that combine empirical case-studies with rigorous theoretical foundations. Despite the milti-disciplinary approach, the main focus of the articles is the same: that the reciprocal externalities and problems of free-riding created by any common resource are complicated in the case of transnational commons by difficulties in monitoring, enforcement, and unequal access to information. Often using theories of negotiation taken from game theory, the studies then suggest possible solutions, both at an institutional and educational level. In order to make these materials suitable for teaching purposes, the authors have been encouraged to survey their topics rather than present their most recent findings. A companion publication, The Environment and Emerging Development Issues Volumes 1-11 (edited by Dasgupta and Mahler), deals with national environmental issues.

These volumes present a set of authoritative studies of the role of environmental resources in the economic development process, written by leading scholars in a wide range of associated fields. Contributors address the problems connected with the management of local common property resources, such as soil, water, forests and their products, animals and fisheries, and supply both explanations of existing situations and policies for the future. To provide material that can be used in classroom teaching, the chapters are written as surveys rather than expositions of contributors' most recent work.

An interdisciplinary book by one of the most respected scholars in what is broadly development economics but encompasses the most recent insights from philosophical research and empirical work on resource allocation, nutrition science, and anthropology. It has been widely recognized as a seminal work presenting a wide-ranging description of the causes and remedies of poverty and undernourishment, and addressing the current debate over methods of estimating their incidence.