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This book argues that mainstream economics, with its present methodological approach, is limited in its ability to analyze and develop adequate public policy to deal with environmental problems and sustainable development. Each chapter provides major insights into many of today's environmental problems such as global warming and sustainable growth.
Building on the strengths and insights of Post Keynesian and ecological economics and incorporating cutting-edge work in economic complexity, bounded rationality and socio-economic dynamics, this book provides an interdisciplinary approach to deal with a broad range of environmental concerns. The contributors show how and where the two traditions share common ground concerning environmental problems and shed light on how the two schools can learn from one another.
The book will be of great value to Post Keynesian and ecological economists as well as to those interested in new approaches to important global environmental issues.
Show moreThis book argues that mainstream economics, with its present methodological approach, is limited in its ability to analyze and develop adequate public policy to deal with environmental problems and sustainable development. Each chapter provides major insights into many of today's environmental problems such as global warming and sustainable growth.
Building on the strengths and insights of Post Keynesian and ecological economics and incorporating cutting-edge work in economic complexity, bounded rationality and socio-economic dynamics, this book provides an interdisciplinary approach to deal with a broad range of environmental concerns. The contributors show how and where the two traditions share common ground concerning environmental problems and shed light on how the two schools can learn from one another.
The book will be of great value to Post Keynesian and ecological economists as well as to those interested in new approaches to important global environmental issues.
Show moreContents:
PART I: INTRODUCTION
1. Post Keynesian and Ecological Economics: Alternative
Perspectives on Sustainability and Environmental Economics
Richard P.F. Holt and Clive L. Spash
PART II: METHODOLOGY AND HISTORY OF THOUGHT
2. Recent Developments in Post Keynesian Methodology and their
Relevance for Understanding Environmental Issues
Andrew Mearman
3. Challenges for Post Keynesian Growth Theory: Utopia Meets
Environmental and Social Reality
Clive L. Spash and Heinz Schandl
4. The Environmental Case for a Collective Assessment of
Economism
Richard B. Norgaard
5. The Post Keynesian/Ecological Economics of Kenneth Boulding
Robert H. Scott, III
6. Combining Post Keynesian, Ecological and Institutional Economics
Perspectives
Arild Vatn
PART III: CONSUMERS IN THEORY AND PRACTICE
7. Post Keynesian Consumer Choice Theory and Ecological
Economics
Marc Lavoie
8. Price-based versus Standards-based Approaches to Reducing Car
Addiction and Other Environmentally Destructive Activities
Peter E. Earl and Tim Wakeley
9. The Socio-Psychology of Achieving Sustainable Consumption: An
Example Using Mass Communication
Lucia Reisch, Clive L. Spash and Sabine Bietz
PART IV: STRUCTURING SYSTEMS OF PRODUCTION
10. Incorporating Biophysical Foundations in a Hierarchical Model
of Societal Metabolism
John Gowdy, Mario Giampietro, Jesus Ramos-Martin and Kozo
Mayumi
11. Theoretical and Policy Issues in Complex Post Keynesian
Ecological Economics
J. Barkley Rosser, Jr
12. Environmental Innovation: A Post Keynesian Interpretation
James Juniper
13. The Sustainable Economic Development of Traditional Peoples
James Kahn and Alexandre Rivas
14. Optimize versus Satisfice: Two Approaches to an Investment
Policy in Sustainable Development
Jerry Courvisanos
Index
Edited by Richard P.F. Holt, Professor of Economics and University Seminar, Southern Oregon University, US, Steven Pressman, Professor of Economics and Finance, Monmouth University, US and Clive L. Spash, Vienna University of Economics and Business, Austria
'Richard P F Holt, Steven Pressman (two leading Post Keynesian
economists) and Clive L. Spash (former President of the European
Society for Ecological Economics, 1999-2006) have edited a book
that will undoubtedly become a major resource for anyone calling to
action the heterodox community to pull together a coherent
perspective on environmental and sustainability issues.'
*Ali Douai, Economic Issues*
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