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.

Efficiency is the hallmark of environmental economics, and though economists are concerned with the environment, primarily because it challenges the efficiency of competitive markets, until now, limited attention has been paid to distributional issues. This excellent collection of essays identifies and addresses key issues surrounding the inequality-environment relationship such as: * Does increasing economic inequality lead to better or worse environmental quality? * Which individual or social features play a role in determining the differentiated impact of changes in the environment? * What impact does economic inequality or social segmentation have on collective action? * How important is the complex economic and social institution in which the inequality-environment takes place? With an impressive array of contributors and an excellent mix of popular and noteworthy topics, this latest addition to the Routledge Siena Studies in Political Economy series will prove essential to economists with an interest in the environment and will be useful to readers with a more general environmental studies background.

This book is an extension of the author's last book (Crisis and Sustainability: The Delusion of Free Markets, Palgrave Macmillan, 2017) and sheds light on the evolution of the financial system after the 2007/08 crisis and on changes and developments in the regulatory framework that have taken place concurrently over the last ten years. The book's central theme addresses the neoliberal philosophy of financial regulation and, in particular, the role of self-regulating markets in the finance sector and how this has affected incentives and behaviour within the finance sector. The author contends that neoliberal maxims have led us to believe that market-based finance is superior to, and safer than, a more rules-based regulatory regime for the sector, and then explains that experience suggests otherwise. The huge expansion of 'financialization' in the developed economies over the last two decades has greatly magnified the risks emanating from the impact of highly leveraged, risk averse, under-regulated finance on other sectors of these economies. The author concludes that financial institutions need to be encouraged to operate within a more socially responsible matrix that facilitates and promotes long-term economic growth coupled with social stability.

This book offers a novel interpretation of the Great Recession and the ensuing Euro Crisis as a consequence of the evolution of capitalism since the 1970s. Chapters argue that the neoliberal development trajectory pursued in recent decades is unsustainable, and posit that neither sound macroeconomics nor empirical data support the unqualified faith in free markets that inspired it. The book begins by providing a broad critical perspective on key concepts such as freedom, free market, free trade, globalisation and financialisation, before going on to analyse the long and deep recent crisis as a result of the neoliberal policy strategy adopted since the early 1980s. The alternative narrative outlined in the book provides insights into the policy strategy required to achieve a sustainable development trajectory.

Efficiency is the hallmark of environmental economics, and though economists are concerned with the environment, primarily because it challenges the efficiency of competitive markets, until now, limited attention has been paid to distributional issues. This excellent collection of essays identifies and addresses key issues surrounding the inequality-environment relationship such as: * Does increasing economic inequality lead to better or worse environmental quality? * Which individual or social features play a role in determining the differentiated impact of changes in the environment? * What impact does economic inequality or social segmentation have on collective action? * How important is the complex economic and social institution in which the inequality-environment takes place? With an impressive array of contributors and an excellent mix of popular and noteworthy topics, this latest addition to the Routledge Siena Studies in Political Economy series will prove essential to economists with an interest in the environment and will be useful to readers with a more general environmental studies background.

1. The Idea behind the workshop was that of calling attention to the necessity of studying long term tendencies In economic growth. We believe that actual growth processes In capitalistic economies are not smooth phenomena and also that the evolution of the economy Is characterized by long term fluctuations as well as by trade cycles. It Is now common place to argue that this point of view was revived after 1973 In consequence of the economic difficulties experienced by Industrialized countries while It has a much older origin as Its roots can be pushed back at least to the Great Depression of the 1930's. In preparing this workshop we selected two main approaches (as reflected In the title of this book) that have been proposed In the last ten years to deal with the causes of long term fluctuations, namely the ..technologlcal"' (or neo SchumpeterlanLapproach and the "'social"' approsch. What follows Is simply a rough characterization of the existing theoretical positions and It Is not meant to be an exhaustive one. The Interested reader will Immediately see that there are many differentiated positions by looking at the arguments contained In each contribution."

This book is an extension of the author's last book (Crisis and Sustainability: The Delusion of Free Markets, Palgrave Macmillan, 2017) and sheds light on the evolution of the financial system after the 2007/08 crisis and on changes and developments in the regulatory framework that have taken place concurrently over the last ten years. The book's central theme addresses the neoliberal philosophy of financial regulation and, in particular, the role of self-regulating markets in the finance sector and how this has affected incentives and behaviour within the finance sector. The author contends that neoliberal maxims have led us to believe that market-based finance is superior to, and safer than, a more rules-based regulatory regime for the sector, and then explains that experience suggests otherwise. The huge expansion of 'financialization' in the developed economies over the last two decades has greatly magnified the risks emanating from the impact of highly leveraged, risk averse, under-regulated finance on other sectors of these economies. The author concludes that financial institutions need to be encouraged to operate within a more socially responsible matrix that facilitates and promotes long-term economic growth coupled with social stability.

This book offers a novel interpretation of the Great Recession and the ensuing Euro Crisis as a consequence of the evolution of capitalism since the 1970s. Chapters argue that the neoliberal development trajectory pursued in recent decades is unsustainable, and posit that neither sound macroeconomics nor empirical data support the unqualified faith in free markets that inspired it. The book begins by providing a broad critical perspective on key concepts such as freedom, free market, free trade, globalisation and financialisation, before going on to analyse the long and deep recent crisis as a result of the neoliberal policy strategy adopted since the early 1980s. The alternative narrative outlined in the book provides insights into the policy strategy required to achieve a sustainable development trajectory.