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Climate change, biodiversity loss, pollution of land and water,
land-use changes, lack of equality and other problems at local,
national and global levels represent a challenge for economics as a
social science. Mainstream neoclassical economics may be able to
contribute to a more sustainable society but it has also played a
dominant role in a period where problems have been aggravated. A
pluralist and democratic view of economics is therefore very much
warranted. This book presents a multidimensional and ideologically
more open view of economics: understanding economics in
multidimensional terms is in accordance with the 17 sustainable
development goals recognized by nations at the UN-level in 2015.
Accordingly, approaches to decision making and accounting at the
national- and business levels have to be reconsidered. Neoclassical
Cost-Benefit Analysis (CBA) with focus on the monetary dimension
and an assumed consensus about a specific market ideology to be
applied is not compatible with democratic societies where citizen
and actors in other roles normally differ with respect to
ideological orientation. Environmental Impact Statements and
Multi-Criteria methods are used to some extent to broaden
approaches to decision-making. In this book, Positional Analysis is
advocated as a multidimensional and ideologically open approach.
Positional Analysis is based on a political economic conceptual
framework (as part of ecological economics) that differs from
neoclassical ideas of individuals, firms and markets. And since
approaches to decision-making and to accounting are closely
connected, a new theoretical perspective in economics similarly
raises issues of how national and business accounting can be opened
up to meet present demands among various actors in society. This
perspective raises also numerous ethical questions at the science
and policy interface that need to be properly addressed for
sustainability decision making.
Sustainable development or "sustainability" is a relatively new
challenge for societies from the local to the global level. At
issue is whether mainstream neoclassical economics can guide us
towards sustainability or if there is a need for new thinking in
economics. This book by Peter Soderbaum, author of "Ecological
Economics," is a critical examination of the failings of mainstream
economics and the resultant environmental problems we are facing.
Most importantly, it articulates what an economics for
sustainability, as an alternative to mainstream economics, would
look like in both theory and practice if we are to pursue a truly
sustainable future. A main point raised is that fundamental issues
such as the theory of science and role of science in society,
paradigms in economics, ideological orientations and institutional
arrangements need to be critically examined rather than assumed to
be given in any serious attempt to come to grips with unsustainable
trends. Among its features, the book provides a brief history of
economics and looks at the intersection between politics and the
often hidden values embedded in economics. Also covered are the
roles of individuals and organizations, political structures and
institutions and democracy, environmental decision-making,
sustainability assessment and a vision of a future underpinned by
sustainability economics. The theory is underpinned by case
studies, explanatory figures, further reading sections and
discussion questions to facilitate debate and learning.The result
is a highly readable text that presents a serious critique of the
mainstream economics threatening the planet.
Sustainable development or "sustainability" is a relatively new
challenge for societies from the local to the global level. At
issue is whether mainstream neoclassical economics can guide us
towards sustainability or if there is a need for new thinking in
economics. This book by Peter Soderbaum, author of "Ecological
Economics," is a critical examination of the failings of mainstream
economics and the resultant environmental problems we are facing.
Most importantly, it articulates what an economics for
sustainability, as an alternative to mainstream economics, would
look like in both theory and practice if we are to pursue a truly
sustainable future. A main point raised is that fundamental issues
such as the theory of science and role of science in society,
paradigms in economics, ideological orientations and institutional
arrangements need to be critically examined rather than assumed to
be given in any serious attempt to come to grips with unsustainable
trends. Among its features, the book provides a brief history of
economics and looks at the intersection between politics and the
often hidden values embedded in economics. Also covered are the
roles of individuals and organizations, political structures and
institutions and democracy, environmental decision-making,
sustainability assessment and a vision of a future underpinned by
sustainability economics. The theory is underpinned by case
studies, explanatory figures, further reading sections and
discussion questions to facilitate debate and learning.The result
is a highly readable text that presents a serious critique of the
mainstream economics threatening the planet.
Climate change, biodiversity loss, pollution of land and water,
land-use changes, lack of equality and other problems at local,
national and global levels represent a challenge for economics as a
social science. Mainstream neoclassical economics may be able to
contribute to a more sustainable society but it has also played a
dominant role in a period where problems have been aggravated. A
pluralist and democratic view of economics is therefore very much
warranted. This book presents a multidimensional and ideologically
more open view of economics: understanding economics in
multidimensional terms is in accordance with the 17 sustainable
development goals recognized by nations at the UN-level in 2015.
Accordingly, approaches to decision making and accounting at the
national- and business levels have to be reconsidered. Neoclassical
Cost-Benefit Analysis (CBA) with focus on the monetary dimension
and an assumed consensus about a specific market ideology to be
applied is not compatible with democratic societies where citizen
and actors in other roles normally differ with respect to
ideological orientation. Environmental Impact Statements and
Multi-Criteria methods are used to some extent to broaden
approaches to decision-making. In this book, Positional Analysis is
advocated as a multidimensional and ideologically open approach.
Positional Analysis is based on a political economic conceptual
framework (as part of ecological economics) that differs from
neoclassical ideas of individuals, firms and markets. And since
approaches to decision-making and to accounting are closely
connected, a new theoretical perspective in economics similarly
raises issues of how national and business accounting can be opened
up to meet present demands among various actors in society. This
perspective raises also numerous ethical questions at the science
and policy interface that need to be properly addressed for
sustainability decision making.
Ecological economics is a hot topic today as an alternative to
'neo-classical' environmental economics. It seeks to 'socially
construct' a political economics that will deal with environmental
problems and make the individual more visible in economic analysis.
A leading authority in the field describes the principles,
strategies and instruments of social change from the point of view
of key players -- governmental agencies, business corporations,
environmental and religious organizations and universities -- and
underlines their responsibilities in the market economy.This
critical text in the search for an interdisciplinary economics that
facilitates social and environmental development offers a
pluralistic and democratic approach to addressing environmental
problems and balances the priorities of economic growth and
international competitiveness with environmental sustainability. It
emphasizes the need to articulate ideologies, worldviews, ethics
and related scientific perspectives as part of economics. This
illuminating account of the theories and means that will bring us
closer to a sustainable society considers tools such as
environmental impact assessment (EIA) and describes success
indicators such as environmental labeling and environmental
management systems (EMS). It highlights strategies and policies
that facilitate social change and sets out future agendas for the
individual actors in political economics.
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