Economics, Sustainability, and Democracy

Economics in the Era of Climate Change

Business & Finance, Economics, Theory of Economics
Cover of the book Economics, Sustainability, and Democracy by Christopher Nobbs, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Christopher Nobbs ISBN: 9781136255915
Publisher: Taylor and Francis Publication: September 10, 2012
Imprint: Routledge Language: English
Author: Christopher Nobbs
ISBN: 9781136255915
Publisher: Taylor and Francis
Publication: September 10, 2012
Imprint: Routledge
Language: English

How should we conduct economics in an era of climate change, natural resource depletion and population increase? These issues are systemic, and involve great uncertainties and long time horizons. This book contends that the free-market economics that has dominated capitalist democracies in recent decades is not up to the task; that the welfarist economics that preceded it, while preferable, also has inadequacies; and that what is required is an economics founded on ecological principles, greater respect for the laws of natural science, and a moral commitment to a sustainable future.

The book commences with an exposition of major aspects of orthodox macroeconomic and microeconomic theory. It then explores the bounds of orthodox theory in relation to ethics, liberalism, ideology, society, the international economy, globalization, and the environment, and seeks lessons for a future economics. Issues raised by natural resource use and climate change are given particular prominence. Many of the issues of critical importance in coming decades involve not private goods but public goods: goods which markets are ill-equipped to deal with. In the resolution of these issues political processes will need to be engaged. The availability to each individual of clean air, clean water and adequate sustenance, goods which cannot be provided for by economic production alone, are of central concern.

While acknowledging the importance of market processes, the author argues in favour of a more deliberative and democratic economy, the greater engagement of civil society, environmental human rights and responsibilities, and in favour of a World Environment Organization, change in the conduct of the World Trade Organization, and for economists to accept moral responsibility for the policies they advocate. Specific case studies are given and potential policies outlined.

This book will be of interest not only to economists but also to citizens generally and students concerned with public affairs.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

How should we conduct economics in an era of climate change, natural resource depletion and population increase? These issues are systemic, and involve great uncertainties and long time horizons. This book contends that the free-market economics that has dominated capitalist democracies in recent decades is not up to the task; that the welfarist economics that preceded it, while preferable, also has inadequacies; and that what is required is an economics founded on ecological principles, greater respect for the laws of natural science, and a moral commitment to a sustainable future.

The book commences with an exposition of major aspects of orthodox macroeconomic and microeconomic theory. It then explores the bounds of orthodox theory in relation to ethics, liberalism, ideology, society, the international economy, globalization, and the environment, and seeks lessons for a future economics. Issues raised by natural resource use and climate change are given particular prominence. Many of the issues of critical importance in coming decades involve not private goods but public goods: goods which markets are ill-equipped to deal with. In the resolution of these issues political processes will need to be engaged. The availability to each individual of clean air, clean water and adequate sustenance, goods which cannot be provided for by economic production alone, are of central concern.

While acknowledging the importance of market processes, the author argues in favour of a more deliberative and democratic economy, the greater engagement of civil society, environmental human rights and responsibilities, and in favour of a World Environment Organization, change in the conduct of the World Trade Organization, and for economists to accept moral responsibility for the policies they advocate. Specific case studies are given and potential policies outlined.

This book will be of interest not only to economists but also to citizens generally and students concerned with public affairs.

More books from Taylor and Francis

Cover of the book Anonymity in Early Modern England by Christopher Nobbs
Cover of the book Industrial Redundancies: A Comparative Analysis of the Chemical and Clothing Industries in the UK and Italy by Christopher Nobbs
Cover of the book Dock Workers by Christopher Nobbs
Cover of the book The Ashgate Research Companion to Ethics and International Relations by Christopher Nobbs
Cover of the book Barriers to Growth in Small Firms by Christopher Nobbs
Cover of the book The Complete Restaurant Management Guide by Christopher Nobbs
Cover of the book Film Censorship in the Asia-Pacific Region by Christopher Nobbs
Cover of the book Industrialisation and Society by Christopher Nobbs
Cover of the book Monitoring School Performance by Christopher Nobbs
Cover of the book Routledge Revivals: Women and Gender in Medieval Europe (2006) by Christopher Nobbs
Cover of the book Dams and Waterways by Christopher Nobbs
Cover of the book Elizabethan Humanism by Christopher Nobbs
Cover of the book Capitalist Russia and the West by Christopher Nobbs
Cover of the book Shakespeare's Alternative Tales by Christopher Nobbs
Cover of the book Economic Growth in History by Christopher Nobbs
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy