Green Economics Confronting the Ecological Crisis

ISBN-10: 0765627965

ISBN-13: 9780765627964

Edition: 2011

Authors: Robin Hahnel

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Description:

Green Economics provides analysis of environmental problems and their potential solutions for students and practitioners in the fields of environmental studies and environmental economics and policy. The book's pluralistic, non-dogmatic, and committed investigation into the values of ecological sustainability, economic justice, and human dignity is a welcomed offering to those frustrated with mainstream treatments of environmental issues. Robin Hahnel offers a glimpse of where mainstream economics can be helpful, where mainstream economics can be misleading, and where heterodox ideas can provide important insights. Book jacket.
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Book details

Copyright year: 2011
Publisher: M. E. Sharpe Incorporated
Publication date: 12/20/2010
Binding: Paperback
Pages: 288
Size: 6.25" wide x 9.25" long x 0.50" tall
Weight: 0.836
Language: English

Acknowledgments
Introduction
Toward a New Paradigm
Something Happened on the Way to the Twenty-First Century
Full-World Economics: Limits to Growth
Full-World Economics: Externalities Are the Rule, Not the Exception
Ecosystem Complexity
Notes
Cost-Benefit Analysis: Beware
The Lure of CBA
CBA and Value Judgments
Compensation
When People Have Rights
How Power and Wealth Matter
When the Rate of Time Discount Is Determinant
When Continuity Is Unlikely
When Benefits Are Hard to Quantify
Not All Uncertainty Is Created Equal
Notes
What on Earth Is Sustainable Development?
Sustainable Development: A Definition
What Is GDP?
What Is Wrong With GDP?
Economic Progress
Sustainability as Intergenerational Equity
When Capital Is Not Fungible
Social Versus Economic Progress
A Workable Definition
Notes
Why the Environment Is at Risk
Useful Insights From Mainstream Economics
Externalities and Professor Pigou
Public Goods and the Free-Rider Problem
The Tragedy of the Commons
Climate Change Preview
Resource Extraction and Rates of Time Preference
Notes
Where Mainstream Economics Dare Not Go
The Growth Imperative: Beyond Assuming Conclusions
Biases Against Leisure and Collective Consumption
Competition and Absentee Ownership
How Endogenous Preferences Matter
Why the Kuznets Curve Will Not Save the Day
How High Pigovian Taxes?
Jobs Versus the Environment Is Not the Problem
Notes
Environmental Policy
Free-Market Environmentalism: Misinterpreting the Coase Theorem
The Coase Theorem: Standard Presentation
There Is No Market!
A Game of Divide-the-Pie
Perfect Knowledge Is Not Complete Information
Negotiations With Incomplete Information
Multiple Victims: More Than Transaction Costs
The Myth of Free-Market Environmentalism
Notes
Real-World Environmental Policy
A Policy Primer
Incidence, Progressivity, and Rebates
Zoning and Sprawl
Community Management: The Neglected Alternative for CPRs
Permit Markets: Dream or Nightmare?
Keeping Wall Street at Bay
The United States: A Very Special Country Indeed
Notes
Climate Change
A Brief History of Climate Negotiations
The Road to Copenhagen
The Free-Rider Problem
Reconciling Effectiveness, Equity, and Efficiency
Kyoto: Myth Versus Reality
Notes
Criticisms of Kyoto
What Kyoto Got Right
Too Little, Too Late
Monitoring Problems
The Case for Carbon Trading
The Case Against Carbon Trading
Efficiency Problems
Equity Problems
Enforcement Problems: The Invisible Elephant
Notes
Beyond Kyoto
Let Science Set the Caps
Caps for All
Equitable Caps: The Greenhouse Development Rights Framework
Capping Net Emissions
A New Sheriff for the Carbon Market
Why Not an International Carbon Tax?
Can It Sell in Brussels, Beijing, and Buffalo?
A Useful Role for Environmental Justice Activists
Notes
Appendix to Part IV: Exercise on Climate Control Treaties
Conclusion
References
Index
About the Author
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