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Nothing is more important to our world than finding a more
comfortable relationship between the economy and the environment.
While issues such as species loss, nitrate pollution, water
scarcity and climate change are now attracting the political
attention they deserve, their origin in the way our economy is
organized is less frequently recognized. This book makes that
connection both theoretically - with references to a number of
heterodox approaches to economics - and practically through a
number of specific issues. Environment and Economy begins by
introducing readers to the pioneers of this field, such as Fritz
Schumacher and Paul Ehrlich, who first drew attention to the
disastrous consequences for our environment of our ever-expanding
economy. Part II outlines the contributions to the field of
Neoclassical Economics, Environmental Economics, Ecological
Economics, Green Economics and Anti-Capitalist Economics. Part III
takes a pluralist approach to using economic tools to solve a range
of environmental problems: economic growth, resource depletion,
pollution, globalization, climate change and markets vs. commons.
Written in an accessible style, this introductory text offers
students an engaging account of the ways that the various
traditions of economic thought have approached the environment,
bringing them together for the first time in one volume. The text
is complemented by boxes, case studies and recommended reading for
each theme addressed. It will be of value to students interested in
environmental sciences, geography, green issues and economics.
In a world of climate change and declining oil supplies, what is
the plan for the provisioning of resources? Green economists
suggest a need to replace the globalised economy, and its extended
supply chains, with a more 'local' economy. But what does this mean
in more concrete terms? How large is a local economy, how
self-reliant can it be, and what resources will still need to be
imported? The concept of the 'bioregion' - developed and
popularised within the disciplines of earth sciences, biosciences
and planning - may facilitate the reconceptualisation of the global
economy as a system of largely self-sufficient local economies. A
bioregional approach to economics assumes a different system of
values to that which dominates neoclassical economics. The global
economy is driven by growth, and the consumption ethic that matches
this is one of expansion in range and quantity. Goods are defined
as scarce, and access to them is a process based on competition.
The bioregional approach challenges every aspect of that value
system. It seeks a new ethic of consumption that prioritises
locality, accountability and conviviality in the place of expansion
and profit; it proposes a shift in the focus of the economy away
from profits and towards provisioning; and it assumes a radical
reorientation of work from employment towards livelihood. This book
by leading green economist Molly Scott Cato sets out a visionary
and yet rigorous account of what a bioregional approach to the
economy would mean - and how to get there from here.
The world as we know it needs a new economics. Climate change,
financial crisis and out-of-control globalization - all the major
problems facing the world have their root in the dominant economic
system. The globalised marketplace is the prevailing force in our
lives, undermining the real importance of our human communities and
our planet. Green Economics argues that society should be embedded
within the ecosystem, and that markets and economies are social
structures that should respond to social and environmental
priorities. This highly readable text provides an introduction to
green economics including views on taxation, welfare, money,
economic development and employment through the work of its
inspirational figures including Schumacher, Robertson and
Douthwaite. It also explores the contributions and insights of
schools of thought critical of the dominant neo-classical economic
paradigm, including ecofeminism, views from the global South, and
the perspective of indigenous peoples. Examples of effective green
policies that are already being implemented across the world are
presented, as well as policy prescriptions for issues including
climate change, localization, citizens' income, economic
measurement, ecotaxes and trade.
The world as we know it needs a new economics. Climate change,
financial crisis and out-of-control globalization - all the major
problems facing the world have their root in the dominant economic
system. The globalised marketplace is the prevailing force in our
lives, undermining the real importance of our human communities and
our planet. Green Economics argues that society should be embedded
within the ecosystem, and that markets and economies are social
structures that should respond to social and environmental
priorities. This highly readable text provides an introduction to
green economics including views on taxation, welfare, money,
economic development and employment through the work of its
inspirational figures including Schumacher, Robertson and
Douthwaite. It also explores the contributions and insights of
schools of thought critical of the dominant neo-classical economic
paradigm, including ecofeminism, views from the global South, and
the perspective of indigenous peoples. Examples of effective green
policies that are already being implemented across the world are
presented, as well as policy prescriptions for issues including
climate change, localization, citizens' income, economic
measurement, ecotaxes and trade.
With capitalism in crisis, academics from a range of disciplines
and from a number of European and Latin American countries come
together to question what it means to have a `sustainable society'
and to ask what role alternative social and solidarity economies
can play in developing convivial, humane and resilient societies.
In a world of climate change and declining oil supplies, what is
the plan for the provisioning of resources? Green economists
suggest a need to replace the globalised economy, and its extended
supply chains, with a more 'local' economy. But what does this mean
in more concrete terms? How large is a local economy, how
self-reliant can it be, and what resources will still need to be
imported? The concept of the 'bioregion' - developed and
popularised within the disciplines of earth sciences, biosciences
and planning - may facilitate the reconceptualisation of the global
economy as a system of largely self-sufficient local economies. A
bioregional approach to economics assumes a different system of
values to that which dominates neoclassical economics. The global
economy is driven by growth, and the consumption ethic that matches
this is one of expansion in range and quantity. Goods are defined
as scarce, and access to them is a process based on competition.
The bioregional approach challenges every aspect of that value
system. It seeks a new ethic of consumption that prioritises
locality, accountability and conviviality in the place of expansion
and profit; it proposes a shift in the focus of the economy away
from profits and towards provisioning; and it assumes a radical
reorientation of work from employment towards livelihood. This book
by leading green economist Molly Scott Cato sets out a visionary
and yet rigorous account of what a bioregional approach to the
economy would mean - and how to get there from here.
Nothing is more important to our world than finding a more
comfortable relationship between the economy and the environment.
While issues such as species loss, nitrate pollution, water
scarcity and climate change are now attracting the political
attention they deserve, their origin in the way our economy is
organized is less frequently recognized. This book makes that
connection both theoretically - with references to a number of
heterodox approaches to economics - and practically through a
number of specific issues. Environment and Economy begins by
introducing readers to the pioneers of this field, such as Fritz
Schumacher and Paul Ehrlich, who first drew attention to the
disastrous consequences for our environment of our ever-expanding
economy. Part II outlines the contributions to the field of
Neoclassical Economics, Environmental Economics, Ecological
Economics, Green Economics and Anti-Capitalist Economics. Part III
takes a pluralist approach to using economic tools to solve a range
of environmental problems: economic growth, resource depletion,
pollution, globalization, climate change and markets vs. commons.
Written in an accessible style, this introductory text offers
students an engaging account of the ways that the various
traditions of economic thought have approached the environment,
bringing them together for the first time in one volume. The text
is complemented by boxes, case studies and recommended reading for
each theme addressed. It will be of value to students interested in
environmental sciences, geography, green issues and economics.
This book provides a detailed yet succinct overview of sustainable
finance, with a specific focus on its origins, its policy focus and
the practitioner dimension. With fossil fuel companies still
attracting investment and subsidy across the world, the book
describes how we can reverse these incentives, using the power of
finance to tackle the climate and ecological crises. The world of
finance is moving beyond the era of ethical investment and into a
future where all financial companies will have to report the
climate impact of their investments. This is the first stage
towards full-scale ESG reporting (Environmental, Social and
Governance). Since financial reporting depends on information
provided by companies who receive investment, this has huge
implications for non-financial reporting by all large companies.
The timeline for these legal changes is short for what will be a
transformation of financial accounting and investment. The book
also covers the related issues of climate finance and the role of
central and public banks in funding the transition to
sustainability, and how we can ensure accountability for countries
bearing the brunt of the impact from those with the largest
responsibility for historic emissions. This book will enable those
working in these fields to update their knowledge and skills, and
brings together the author's practical experience as an MEP with
her academic insight as the first professor of green economics.
This groundbreaking textbook introduces basic economic principles
from a new perspective, characterized by its uniquely pluralist,
sustainable, progressive and global approach. The book begins with
an introduction to the problems of our generation and the benefits
of pluralism. It then introduces students to the principles of
economics. Rather than constricting the economy to fit through
rose-colored glasses or limit the pedagogy to one ideology, the
book will teach our current economic predicament through the
vantage of multiple perspectives and sustainability. The book
begins by introducing the key concepts of pluralism, sustainability
and progressivity. It then moves on to discuss human sustainability
within an economic context by discussing work, employment, power,
capital, markets, money and debt. The fundamentals of economics are
then presented with special attention devoted to prices, firms and
the evolution of industries, the development and applicability of
knowledge, consumption, savings and investment and recessions. Next
it introduces tools to help students model the economy from a
dynamic and global perspective.And finally the book concludes with
attention to consensus building, democratic decision making and
offering a roadmap for the future. Co-authored by an all-star
international team based on three continents and led by Jack
Reardon, founding editor of the International Journal of Pluralism
and Economics Education, this is a landmark work that will set the
standard for years to come.
This groundbreaking textbook introduces basic economic principles
from a new perspective, characterized by its uniquely pluralist,
sustainable, progressive and global approach. The book begins with
an introduction to the problems of our generation and the benefits
of pluralism. It then introduces students to the principles of
economics. Rather than constricting the economy to fit through
rose-colored glasses or limit the pedagogy to one ideology, the
book will teach our current economic predicament through the
vantage of multiple perspectives and sustainability. The book
begins by introducing the key concepts of pluralism, sustainability
and progressivity. It then moves on to discuss human sustainability
within an economic context by discussing work, employment, power,
capital, markets, money and debt. The fundamentals of economics are
then presented with special attention devoted to prices, firms and
the evolution of industries, the development and applicability of
knowledge, consumption, savings and investment and recessions. Next
it introduces tools to help students model the economy from a
dynamic and global perspective.And finally the book concludes with
attention to consensus building, democratic decision making and
offering a roadmap for the future. Co-authored by an all-star
international team based on three continents and led by Jack
Reardon, founding editor of the International Journal of Pluralism
and Economics Education, this is a landmark work that will set the
standard for years to come.
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