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The book analyzes the relationship between globalization and
sustainable development. It presents analysis of the relationship
between social and environmental conditions of sustainability. It
explores the interaction between history of facts (globalization
since the industrial revolution) and history of ideas (liberalism
since Adam Smith). It focuses on generally neglected aspects such
as health and social corporate responsibility.This book examines
how consistent the post-war process of globalization has been with
the basic requisites of sustainable development. It argues that the
polarization of public opinion into support of either globalization
or sustainable development has not helped an understanding of the
issues, and that the confrontation should be abandoned.
Corporate social responsibility is examined in this book as
multi-stakeholder approach to corporate governance. This volume
outlines neo-institutional and stakeholder theories of the firm,
new rational choice and social contract normative models, self
regulatory and soft law models, and the advances from behavioural
economics.
Economics has paid little attention to the psychology of economic
behaviour, leading to somewhat simplistic assumptions about human
nature. The psychological aspects have typically been reduced to
standard utility theory, based on a narrow conception of
rationality and self-interest maximization. The contributions in
this volume, some focused on analytical models and methodology,
others on laboratory and field experiments, challenge these
assumptions, and provide novel and complex understandings of human
motivation and economic decision-making. With a pioneering
introduction by the book's two editors, this volume brings together
exciting contributions to a field that is rapidly growing in
influence and reach.
This book provides a comprehensive overview of Keynes'
contributions to macroeconomics and offers an in-depth analysis of
the contested legacy of "The General Theory," a book that marked
the emergence of modern macroeconomics from the earlier heritage of
monetary theory and business cycle and analysis.
of ecological (also biological) variables b which interact in their
dynamic t evolution: det dbt dt = f (et, bt)' dt = 9 (et, bt)*
Among the solution paths to this interaction between economic and
ecologi cal variables, we look for those which are sustainable.
Sustainable paths are typically those along which the values of
certain key stocks are always pos itive, these key stocks being
important environmental resources. The types of paths on which
certain variables can be positive forever include station ary
solutions with appropriate positivity conditions, or limit cycles
or chaotic attractors satisfying the same positivity conditions.
These paths, and the paths which approach them, constitute the set
of sustainable paths. From amongst these we have to choose one or
more which are in some sense the best. Note that rather than
imposing positivity of certain stocks in the long run as a
condition for sustainability, we would prefer to derive this as a
characteristic of optimal solutions from more fundamental
judgements about the valuation of stocks and flows: this is the
route pursued by the papers in this volume. The introductory paper
by Heal in Section I reviews these matters in gen eral terms, not
going into technical details: it discusses the precedents for a
concept of sustainability in welfare economics, and reviews
alternative opti mality concepts and their connection to
sustainability.
Corporate social responsibility is examined in this book as
multi-stakeholder approach to corporate governance. This volume
outlines neo-institutional and stakeholder theories of the firm,
new rational choice and social contract normative models, self
regulatory and soft law models, and the advances from behavioural
economics.
This book examines how consistent the post-war process of
globalization has been with the basic requisites of sustainable
development. It argues that the polarization of public opinion into
support of either globalization or sustainable development has not
helped an understanding of the issues, and that the confrontation
should be abandoned.
Economics has paid little attention to the psychology of economic
behaviour, leading to somewhat simplistic assumptions about human
nature. The psychological aspects have typically been reduced to
standard utility theory, based on a narrow conception of
rationality and self-interest maximization. The contributions in
this volume, some focused on analytical models and methodology,
others on laboratory and field experiments, challenge these
assumptions, and provide novel and complex understandings of human
motivation and economic decision-making. With a pioneering
introduction by the book's two editors, this volume brings together
exciting contributions to a field that is rapidly growing in
influence and reach.
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