Innovatively rethinking the discipline of political economy, Fred P. Gale builds on a range of contemporary examples to develop a pluralistic conception of sustainability value that underpins sustainable development. He identifies why current approaches are having no meaningful impact and unifies diverse perspectives into one integrative approach. This definitive work argues that sustainability value?s realization requires a complete rethink of the way firms and polities are governed, challenging the idea that preferences are rational. Treating sustainability value as supervening on four other elemental economic values, the book illustrates how '?tetravaluation?' is being partially realized at the level of the firm and the state. With vast differences in institutional requirements across conventional liberal, nationalist and socialist frameworks, Gale implores political economy to abandon its monistic modernist legacy and embrace the pluralistic, reflexive and interdisciplinary standpoint that sustainability demands. With striking implications for existing political, economic and cultural institutions, Gale offers a new perspective on generating better policy outcomes for public policy professionals and sustainability practitioners. This book is a must-read for public policy theorists, political and ecological economists, and environmental policy researchers, as Gale challenges the conventional ideas linked to the functioning of liberal democracy and explores the future of political economic thought.

Innovatively rethinking the discipline of political economy, Fred P. Gale builds on a range of contemporary examples to develop a pluralistic conception of sustainability value that underpins sustainable development. He identifies why current approaches are having no meaningful impact and unifies diverse perspectives into one integrative approach. This definitive work argues that sustainability value?s realization requires a complete rethink of the way firms and polities are governed, challenging the idea that preferences are rational. Treating sustainability value as supervening on four other elemental economic values, the book illustrates how '?tetravaluation?' is being partially realized at the level of the firm and the state. With vast differences in institutional requirements across conventional liberal, nationalist and socialist frameworks, Gale implores political economy to abandon its monistic modernist legacy and embrace the pluralistic, reflexive and interdisciplinary standpoint that sustainability demands. With striking implications for existing political, economic and cultural institutions, Gale offers a new perspective on generating better policy outcomes for public policy professionals and sustainability practitioners. This book is a must-read for public policy theorists, political and ecological economists, and environmental policy researchers, as Gale challenges the conventional ideas linked to the functioning of liberal democracy and explores the future of political economic thought.

This book introduces readers to the discipline of ecological political economy, an approach that aims at a theoretical synthesis of nature, production and power relations. At its heart is a critical appreciation of the social institutions and organizations that can provide the basis for strong environmental sustainability. The complex of ecological, political and economic interrelationships are analysed by eleven authors from backgrounds in economics, political theory, political economy, law and theology. Unifying the disparate treatments is each author's commitment to critical reflection in the pursuit of an ever-more informed debate. Key themes include the nature of 'community', the role of civil society in resisting and reforming modern (un)sustainable development, the new place of transnational advocacy networks, the transformative possibilities for the state and new economic institutions. This book will be of special interest to political scientists and economists, as well as geographers, sociologists and students of environmental studies.