Valuing the Earth Economics, Ecology, Ethics

ISBN-10: 0262540681
ISBN-13: 9780262540681
Edition: 2nd 1993
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Description: Valuing the Earth collects more than twenty classic and recent essays that broaden economic thinking by setting the economy in its proper ecological and ethical context. They vividly demonstrate that, contrary to current macroeconomic  More...

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Book details

List price: $34.00
Edition: 2nd
Copyright year: 1993
Publisher: MIT Press
Publication date: 11/24/1992
Binding: Paperback
Pages: 399
Size: 6.00" wide x 9.00" long x 1.00" tall
Weight: 1.342
Language: English

Valuing the Earth collects more than twenty classic and recent essays that broaden economic thinking by setting the economy in its proper ecological and ethical context. They vividly demonstrate that, contrary to current macroeconomic preoccupations, continued growth on a planet of finite resources cannot be physically or economically sustained and is morally undesirable. Among the issues addressed are population growth, resource use, pollution, theology (east and west), energy, and economic growth. Their common theme is the notion, popular with classical economists from Malthus to Mill, that an economic stationary state is more healthful to life on earth than unlimited growth. A number of essays in the first edition have become classics and have been retained for this edition, which adds six new essays. Herman E. Daly is Senior Economist at the World Bank. Kenneth N. Townsend is Associate Professor and Chair of the Department of Economics at Hampden-Sydney College. Contributors: Kenneth E. Boulding. John Cobb. Herman E. Daly. Anne H. Ehrlich. Paul R. Ehrlich. Nicholas Georgescu-Roegen. Garrett Hardin. John P. Holdren. M. King Hubbert. C. S. Lewis. E. F. Schumacher. Gerald Alonzo Smith. T. H. Tietenberg. Kenneth N. Townsend.

Preface
Introduction
Introduction to Essays toward a Steady-State Economy
Ecology: Ultimate Means and Biophysical Constraints
Introduction
Why Isn't Everyone as Scared as We Are?
Availability, Entropy, and the Laws of Thermodynamics
The Entropy Law and the Economic Problem
Selections from "Energy and Economic Myths"
Exponential Growth as a Transient Phenomenon in Human History
The Tragedy of the Commons
Second Thoughts on "The Tragedy of the Commons"
Ethics: The Ultimate End and Value Constraints
Introduction
The Age of Plenty: A Christian View
Buddhist Economics
The Purpose of Wealth: A Historical Perspective
Ecology, Ethics, and Theology
The Abolition of Man
Economics: Interaction of Ends and Means
Introduction
On Economics as a Life Science
Sustainable Growth: An Impossibility Theorem
Steady-State Economies and the Command Economy
The Economics of the Coming Spaceship Earth
Spaceship Earth Revisited
Using Economic Incentives to Maintain Our Environment
The Steady-State Economy: Toward a Political Economy of Biophysical Equilibrium and Moral Growth
Postscript: Some Common Misunderstandings and Further Issues Concerning a Steady-State Economy
Index

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