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Rethinking Economic Growth Theory From A Biophysical Perspective

Author : Blair Fix
ISBN : 3319128256
Genre : Business & Economics
File Size : 47. 4 MB
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Neoclassical growth theory is the dominant perspective for explaining economic growth. At its core are four implicit assumptions: 1) economic output can become decoupled from energy consumption; 2) economic distribution is unrelated to growth; 3) large institutions are not important for growth; and 4) labor force structure is not important for growth. Drawing on a wide range of data from the economic history of the United States, this book tests the validity of these assumptions and finds no empirical support. Instead, connections are found between the growth in energy consumption and such disparate phenomena as economic redistribution, corporate employment concentration, and changing labor force structure. The integration of energy into an economic growth model has the potential to offer insight into the future effects of fossil fuel depletion on key macroeconomic indicators, which is already manifested in stalled or diminished growth and escalating debt in many national economies. This book argues for an alternative, biophysical perspective to the study of growth, and presents a set of "stylized facts" that such an approach must successfully explain. Aspects of biophysical analysis are combined with differential monetary analysis to arrive at a unique empirical methodology for investigating the elements and dependencies of the economic growth process.

Rethinking Economic Growth Theory From A Biophysical Perspective

Author : Blair Fix
ISBN : 9783319128269
Genre : Business & Economics
File Size : 23. 41 MB
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Neoclassical growth theory is the dominant perspective for explaining economic growth. At its core are four implicit assumptions: 1) economic output can become decoupled from energy consumption; 2) economic distribution is unrelated to growth; 3) large institutions are not important for growth; and 4) labor force structure is not important for growth. Drawing on a wide range of data from the economic history of the United States, this book tests the validity of these assumptions and finds no empirical support. Instead, connections are found between the growth in energy consumption and such disparate phenomena as economic redistribution, corporate employment concentration, and changing labor force structure. The integration of energy into an economic growth model has the potential to offer insight into the future effects of fossil fuel depletion on key macroeconomic indicators, which is already manifested in stalled or diminished growth and escalating debt in many national economies. This book argues for an alternative, biophysical perspective to the study of growth, and presents a set of "stylized facts" that such an approach must successfully explain. Aspects of biophysical analysis are combined with differential monetary analysis to arrive at a unique empirical methodology for investigating the elements and dependencies of the economic growth process.

The Economic Superorganism

Author : Carey W. King
ISBN : 9783030502959
Genre : Technology & Engineering
File Size : 74. 72 MB
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Energy drives the economy, economics informs policy, and policy affects social outcomes. Since the oil crises of the 1970s, pundits have debated the validity of this sequence, but most economists and politicians still ignore it. Thus, they delude the public about the underlying influence of energy costs and constraints on economic policies that address such pressing contemporary issues as income inequality, growth, debt, and climate change. To understand why, Carey King explores the scientific and rhetorical basis of the competing narratives both within and between energy technology and economics. Energy and economic discourse seems to mirror Newton’s 3rd Law of Motion: For every narrative there is an equal and opposite counter-narrative. The competing energy narratives pit "drill, baby, drill!" against renewable technologies such as wind and solar. Both claim to provide secure, reliable, clean, and affordable energy to support economic growth with the most benefit to society, but how? To answer this question, we need to understand the competing economic narratives, techno-optimism and techno-realism. Techno-optimism claims that innovation overcomes any physical resource constraints and enables the social outcomes and economic growth we desire. Techno-realism, in contrast, states that no matter what energy technologies we use, feedbacks from physical growth on a finite planet constrain economic growth and create an uneven distribution of social impacts. In The Economic Superorganism, you will discover stories, data, science, and philosophy to guide you through the arguments from competing narratives on energy, growth, and policy. You will be able to distinguish the technically possible from the socially viable, and understand how our future depends on this distinction.

The Palgrave Handbook Of Critical International Political Economy

Author : Alan Cafruny
ISBN : 9781137500182
Genre : Political Science
File Size : 25. 88 MB
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Challenging the assumptions of ‘mainstream’ International Political Economy (IPE), this Handbook demonstrates the considerable value of critical theory to the discipline through a series of cutting-edge studies. The field of IPE has always had an inbuilt vocation within Historical Materialism, with an explicit ambition to make sense, from a critical standpoint, of the capitalist mode of production as a world system of sometimes paradoxically and sometimes smoothly overlapping states and markets. Having spearheaded the growth of a vigorous critical scholarship in the 1960s and 1970s, however, Marxism and neo-Gramscian approaches became increasingly marginalized over the course of the 1980s. The authors respond to the exposure of limits to mainstream contemporary scholarship in the wake of the onset of the Global Financial Crisis, and provide a comprehensive overview of the field of Critical International Political Economy. Problematizing socioeconomic and political structures, and considering these as potentially transitory and subject to change, the contributors aim not simply to understand a world of conflict, but furthermore to uncover the ways in which purportedly objective analyses reflect the interests of those in positions of privilege and power.

Rethinking Economic Evolution

Author : Ulrich Witt
ISBN : 9781785365072
Genre : Business & Economics
File Size : 81. 21 MB
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Modern economies never come to rest. From institutions to activities of production, trade, and consumption, everything is locked in processes of perpetual transformation – and so are our daily lives. Why and how do such transformations occur? What can economic theory tell us about these changes and where they might lead? Ulrich Witt’s book discusses why evolutionary concepts are necessary to answer such questions. While economic evolution is in many respects unique, it nonetheless needs to be seen within the broader context of natural evolution. By exploring this complex relationship, Rethinking Economic Evolution demonstrates the significance of an evolutionary economic theory.

Understanding Urban Ecology

Author : Myrna H. P. Hall
ISBN : 9783030112592
Genre : Science
File Size : 81. 62 MB
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Over half of the world’s population now lives in urban areas. Few who live in cities understand that cities, too, are ecosystems, as beholden to the laws and principles of ecology as are natural ecosystems. Understanding Urban Ecology: An Interdisciplinary Systems Approach introduces students at the college undergraduate level, or those in advanced-standing college credit high school courses, to cities as ecosystems. For graduate students it provides an overview and rich literature base. Urban planners, educators, and decision makers can use this book to help in designing a more sustainable or “green” future. The authors use a systems approach to explore the complexity and interactions of different components of a city’s ecology with an emphasis on the energy and materials required to maintain such concentrated centers of human activity and consumption. The book is written by seventeen specialized contributors and includes ten accompanying detailed field exercises to promote hands-on experience, observation, and quantification of urban ecosystem structure and function.The chapters describe one by one the different subsystems of the urban environment, their individual components and functions, and the interactions among them that create the social-ecological environments in which we live. The book’s emphasis on social-ecological metabolism provides students with the knowledge and methods needed to evaluate proposed policies for urban sustainability in terms of ecosystem capacity, potential positive and negative feedbacks, the laws of thermo-dynamics, and socio-cultural perception and adaptability.

A Modern Guide To Rethinking Economics

Author : Louis-Philippe Rochon
ISBN : 9781784717216
Genre :
File Size : 79. 78 MB
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Since the beginning of the 21st century, there has been an unprecedented move towards ‘rethinking economics’. This book contributes to this worldwide discussion by providing readers at all levels with thoughtful contributions on a range of economic topics. The book includes chapters on rethinking fiscal and monetary policies, international trade, the role of the state, money, growth, the environment, development policies, energy, healthcare and more. Written by top experts in their respective fields, this book will be useful to students and faculty who want to not only rethink economics, but also to offer an alternative and coherent economic analysis to the orthodoxy.

Beyond Gdp

Author : Matthew Kuperus Heun
ISBN : 9783319128207
Genre : Business & Economics
File Size : 35. 73 MB
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This book uses the metaphor “The economy is society's metabolism” as a springboard to develop a rigorous theoretical framework for a better system of national accounts which goes “Beyond GDP” and is relevant to the age of resource depletion. Society is entering a new era in which biophysical limits related to natural resource extraction rates and the biosphere's waste assimilation capacity are becoming binding constraints on mature economies. Unfortunately, the data needed for policy-makers to understand and manage economic growth in this new era are not universally available. All stakeholders need a new way to understand our economy in the context of the biosphere’s ability to provide essential natural capital, and we suggest that detailed information about materials, energy, embodied energy, and energy intensity should be routinely gathered, analyzed, and disseminated from a centralized location to provide markets and policymakers with a more comprehensive understanding of the biophysical economy. However, a firm theoretical foundation is needed before proceeding along this new path, which this book is intended to provide. After arguing that the stock of manufactured capital is an important driver of material and energy demands imposed upon the biosphere, a new accounting framework is derived from the laws of thermodynamics to reflect the fact that material and embodied energy accumulate within the capital stock of economic sectors. This framework extends the Energy Input-Output (EI-O) techniques first developed by Bullard, Herendeen, and others to estimate energy intensity of economic products. Implications from the new framework are discussed, including the value of economic metrics for policy-making, the need for physically-based rather than product-based EI-O formulations, a re-assessment of the concept of economic “growth,” and an evaluation of recycling, reuse, and dematerialization. The framework also provides an opportunity to assess an array of definitions for Daly's “steady-state economy” in relation to the ideal of a sustainable economy. The book ends with a list of steps to be taken in creating a more comprehensive system of national accounts: National accounting agencies worldwide should develop and maintain balance sheets of both natural and manufactured capital in addition to national income statements All stocks and inter-sector flows should be provided in physical as well as financial units In the US, the Bureau for Economic Analysis (BEA) should restart detailed Capital, Labor, Energy, Material, and Services (KLEMS) reporting National accounting agencies should routinely estimate the energy intensity of economic products, and all of the above should be estimated and disseminated on an annual basis.

Environmental Sustainability

Author : Fraser Smith
ISBN : 1420048740
Genre : Nature
File Size : 64. 35 MB
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In 1994, representatives from all over the world met in Costa Rica to discuss the impact of ecological economics on developing countries. That groundbreaking conference laid the foundation for this new collection of research on environmental sustainability. While most discussions on sustainable development focus on the industrialized nations, Environmental Sustainability: Practical Global Applications takes a different angle: it presents the views of the developing countries themselves on issues such as wildlife resources in Nambia, timber production in Costa Rica, property rights and land reform in South Africa, and other steps being taken to implement environmentally sustainable economies around the world. This is an ideal text for students of natural and social sciences, development professionals and entrepreneurs seeking opportunities for ecologically sustainable businesses. Academics will find it useful as a source of current research and for making new contacts in the field. For anyone interested in exploring the link between man and his environment-specifically, the relationship between economics and ecology- Environmental Sustainability, is a must.

Rethinking Nature

Author : Aurélie Choné
ISBN : 9781315444741
Genre : Nature
File Size : 75. 97 MB
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Contemporary ideas of nature were largely shaped by schools of thought from Western cultural history and philosophy until the present-day concerns with environmental change and biodiversity conservation. There are many different ways of conceptualising nature in epistemological terms, reflecting the tensions between the polarities of humans as masters or protectors of nature and as part of or outside of nature. The book shows how nature is today the focus of numerous debates, calling for an approach which goes beyond the merely technical or scientific. It adopts a threefold – critical, historical and cross-disciplinary – approach in order to summarise the current state of knowledge. It includes contributions informed by the humanities (especially history, literature and philosophy) and social sciences, concerned with the production and circulation of knowledge about "nature" across disciplines and across national and cultural spaces. The volume also demonstrates the ongoing reconfiguration of subject disciplines, as seen in the recent emergence of new interdisciplinary approaches and the popularity of the prefix "eco-" (e.g. ecocriticism, ecospirituality, ecosophy and ecofeminism, as well as subdivisions of ecology, including urban ecology, industrial ecology and ecosystem services). Each chapter provides a concise overview of its topic which will serve as a helpful introduction to students and a source of easy reference. This text is also valuable reading for researchers interested in philosophy, sociology, anthropology, geography, ecology, politics and all their respective environmentalist strands.

Rethinking Resource Management

Author : Richard Howitt
ISBN : 9781134805662
Genre : Science
File Size : 31. 75 MB
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This book offers students and practitioners a sophisticated and convincing framework for rethinking the usual approaches to resource management. It uses case studies to argue that professional resource managers do not take responsibility for the social and environmental consequences of their decisions on the often vulnerable indigenous communities they affect. It also discusses the invisibility of indigenous people' values and knowledge within traditional resource management. It offers a new approach to social impact assessment methods which are more participatory and empowering. The book employs a range of case studies from Australia, North America and Norway.

Rethinking Sustainable Development

Author : Tan Yigitcanlar
ISBN : 9781616920227
Genre : Technology & Engineering
File Size : 34. 61 MB
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"This book investigates the role of urban, regional and infrastructure planning in achieving sustainable urban and infrastructure development, providing insights into overcoming the consequences of unsustainable development"--Provided by publisher.

Ecohydrology Hydrobiology

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ISBN :
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File Size : 87. 26 MB
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The international journal Ecohydrology & Hydrobiology (E&H) has been created to promote the concept of Ecohydrology, which is defined as the study of the functional interrelations between hydrology and biota at the catchment scale. Ecohydrology extends from the molecular level to catchment-scale processes and is based on three principles: • framework (hydrological principle) - quantification and integration of hydrological and ecological processes at a basin scale; • target (ecological principle) - necessity of enhancing ecosystem absorbing capacity and ecosystem services; and • management tool (ecological engineering) – the use of ecosystem properties for regulation the interplay between hydrology and biota. The journal encourages the submission of manuscripts which adopt an integrative approach to aquatic sciences, explaining ecological and hydrological processes at a river-basin scale or propose practical applications of this knowledge. It will also consider papers in other hydrobiological fields. Especially welcome are papers on regulatory mechanism within biocenosis and the resistance and resilience of freshwater and costal zones ecosystems. There is no page charge for published papers. All submitted papers, written exclusively in English, should be original works, unpublished and not under consideration for publication elsewhere. All papers are peer-reviewed. The following types of papers are considered for publication in E&H: • original research papers • invited or submitted review papers, • short communications

Rethinking Capitalism

Author : Michael Jacobs
ISBN : 9781119311638
Genre : Political Science
File Size : 40. 35 MB
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"Thought provoking and fresh - this book challenges how we think about economics.” Gillian Tett, Financial Times For further information about recent publicity events and media coverage for Rethinking Capitalism please visit http://marianamazzucato.com/rethinking-capitalism/ Western capitalism is in crisis. For decades investment has been falling, living standards have stagnated or declined, and inequality has risen dramatically. Economic policy has neither reformed the financial system nor restored stable growth. Climate change meanwhile poses increasing risks to future prosperity. In this book some of the world’s leading economists propose new ways of thinking about capitalism. In clear and compelling prose, each chapter shows how today’s deep economic problems reflect the inadequacies of orthodox economic theory and the failure of policies informed by it. The chapters examine a range of contemporary economic issues, including fiscal and monetary policy, financial markets and business behaviour, inequality and privatisation, and innovation and environmental change. The authors set out alternative economic approaches which better explain how capitalism works, why it often doesn’t, and how it can be made more innovative, inclusive and sustainable. Outlining a series of far-reaching policy reforms, Rethinking Capitalism offers a powerful challenge to mainstream economic debate, and new ideas to transform it.

Rethinking Finance In The Face Of New Challenges

Author : David Bourghelle
ISBN : 9781801177887
Genre : Business & Economics
File Size : 45. 11 MB
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Rethinking Finance in the Face of New Challenges provides an overview of the new research perspectives devoted to financial activity, reconsidering the opposition between orthodox and heterodox schools of finance.

Biodiversity And Democracy

Author : Paul Malcolm Wood
ISBN : 0774806893
Genre : Nature
File Size : 70. 48 MB
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This work argues that the problem of extinction can be traced to how we think about biodiversity and democratic societies. While biodiversity is usually confused with biological resources, Wood argues that it should be conceived as an essential environmental condition.

Ecological Economics

Author : Robert Costanza
ISBN : 9780231513241
Genre : Business & Economics
File Size : 56. 30 MB
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Ecological economics is a new transdisciplinary approach to understanding and managing the ecology and economics of our world for sustainability on local, regional, and global scales. The previous isolation of these two fields has led to economic and environmental policies that have been mutually destructive rather than reinforcing in the long term. This book brings together these two disciplines in chapters covering the basic worldview of ecological economics; accounting, modeling, and analysis of ecological economicl systems; and necessary institutional changes and case studies.

Information Tools For Environmental Policy Under Conditions Of Complexity

Author : Silvio O. Funtowicz
ISBN : UCSD:31822028319549
Genre : Political Science
File Size : 79. 90 MB
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Recoge: 1. Introduction - 2. Complexity - 3. Post-Normal Science as a bridge between complex systems and environmental policy - 4. Ecological economics: the study and assessment of (un)sustainability - 5. Taking nature into account: the incommensurability principle - 6. Multicriteria evaluation as a tool for environmental policy under complexity - 7. Imprecise and fuzzy information: the NAIADE method - 8. Environmental policy tools (1) - 9. Environmental policy tools (2) - 10. Environmental policy tools (3) - 11. Conclusions - 12. References.

Green Criminology And Green Theories Of Justice

Author : Michael J. Lynch
ISBN : 9783030285739
Genre : Social Science
File Size : 39. 26 MB
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This book offers an alternative analysis of the various theories and dimensions of green and environmental justice which are rooted in political economy. Much green criminological literature sidelines political economic theoretical insights and therefore with this work the authors enrich the field by vigorously exploring such perspectives. It engages with a number of studies relevant to a political economic approach to justice in order to make two key arguments: that capitalism has produced profound ecological injustices and that the concept of ecological justice (human and ecological rights) itself needs critiquing. Green Criminology and Green Theories of Justice is a timely text which urges the field to revisit its radical roots in social justice while broadening its disciplinary horizons to include a meaningful analysis of political economy and its role in producing and responding to environmental harm and injustice.

Ecological Imperialism Development And The Capitalist World System

Author : Mariko Lin Frame
ISBN : 9780429536892
Genre : Business & Economics
File Size : 27. 33 MB
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Two major trends are currently challenging the sustainability of human civilization: extreme inequality and the ecological crisis. This book argues that these are intrinsically linked by further exploring the complex relationships between global ecological crises, neoliberal globalization, orthodox development policies, and imperialism. Drawn from extensive theoretical, historical, policy, and empirical research, as well as fieldwork in Africa and Asia, this book examines the crucial characteristics of the capitalist world-system and how it enables and drives ecological imperialism. Neoliberal globalization has allowed for capital’s unfettered access to and exploitation of nature across the planet, and neoliberal development policies have reinforced a contemporary form of ecological imperialism where the environments of the Global South are enclosed and exploited and local communities are dispossessed of their land and livelihoods. Simultaneously, resources from the Global South are funnelled to the Global North in the form of consumer goods and ecologically unequal exchange, while the profits from those resources are siphoned away to transnational corporations, financiers and government elites. This work traces the historical development of free market policies, while also paying special attention to the role of Northern international financial institutions, emerging economies (the semi-periphery), and the often-hidden role of international finance, in ecological imperialism. This volume will be of keen interest to scholars and students of political economy, critical development studies, environmental sociology, and political ecology.

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