(Ebook) Environment And Economy 2nd Edition by Molly Scott Cato ISBN 9780367183028 0367183021

Part I Setting the scene

1 Introduction: an economy within the environment

1.1 Environment and economy: friends or foes?

1.2 Complementarities and tensions within the economy–environment relationship

1.3 Economics and environment: some useful concepts

1.4 The environment in early thinking about economics

1.5 A tale of many traditions

Summary questions

Discussion questions

2 The whistle-blowers

2.1 Kenneth Boulding and spaceship earth

2.2 The Club of Rome

2.3 Ehrlich and The Population Bomb

2.4 E. F. Schumacher and small is beautiful

2.5 Howard Odum: thinking in systems

2.6 Murray Bookchin: prophet of localization

2.7 Hazel Henderson attacks the snake-oil doctors

Summary questions

Discussion questions

Part II Economic schools and the environment

3 Neoclassical economics

3.1 Markets, efficient allocation and assessing outcomes

3.2 Price, scarcity and substitutability

3.3 The environment begins to impinge on the economics profession

3.4 Discounting the future

3.5 Case study: Putting a price on carbon – the EU Emissions Trading Scheme

Summary questions

Discussion questions

Notes

Further reading

4 Environmental economics

4.1 Economics with the environment at its heart

4.2 Valuing the environment

Market pricing techniques

Household production functions

Hedonic price methods

Experimental methods

4.3 When will we be rich enough to save the planet?

4.4 Can markets save the planet?

4.5 Case study: How much do you like to be beside the seaside?

Summary questions

Discussion questions

Note

Further reading

5 Ecological economics

5.1 A break with tradition

5.2 Thinking differently about the economy

The contribution of ecology

Systems thinking and thermodynamics

Extending the concept of capital

5.3 From equilibrium to steady state

5.4 Case study: Pricing the priceless?

Summary questions

Discussion questions

Notes

Further reading

6 Green economics

6.1 An economy with soul

6.2 An alternative to capitalism that isn’t communism

6.3 Policies to create a green economy

6.4 Ecotopias in the here and now

6.5 Case study: Universal basic income – an idea whose time has come?

Summary questions

Discussion questions

Further reading

7 Anti-capitalist economics

7.1 Capitalism, nature, socialism

7.2 Re-including the excluded

7.3 Changing the world

7.4 Case study: A participatory approach to the allocation of money and goods

Summary questions

Discussion questions

Note

Further reading

Part III Issues and policies

8 A range of policy approaches

8.1 How much change and who should make it?

8.2 Regulation or incentive-based instruments?

8.3 Measurement issues

8.4 Cultural and behavioural change

8.5 Case study: From linear to circular economy

Summary questions

Discussion questions

Further reading

9 Economic growth

9.1 Growth is good

9.2 The threat from growth and the steady-state economy

9.3 Measurement and efficiency

9.4 Link between growth and inequality

9.5 From quantity to quality

9.6 Case study: Growth or well-being – how to measure economic success

Summary questions

Discussion questions

Note

Further reading

10 Climate change: the greatest example of market failure?

10.1 The most serious issue of our time

10.2 The Stern Review: an economist encounters the environment

10.3 Pricing carbon: theory and consequent policies

10.4 How to act in a climate emergency

10.5 Case study: Land, food and farming in a climate emergency

Summary questions

Discussion questions

Further reading

11 All that the earth provides: the economics of resources

11.1 A science of scarcity

11.2 Using prices to protect natural resources

11.3 The planet sold to service our desires

11.4 Scarcity or abundance

11.5 Case study: Fisheries policy

Summary questions

Discussion questions

Further reading

12 Pollution

12.1 Neoclassical economics: internalizing the externality

12.2 Negotiating shared political action

12.3 Working with nature to minimize pollution

12.4 One man’s meat is another man’s poison

12.5 Case study: The scourge of plastic pollution

Summary questions

Discussion questions

Further reading

13 Globalization vs. localization

13.1 All aboard the globalization rollercoaster

13.2 Global sceptics

13.3 From globalization to the bioregional economy

13.4 Case study: A UN binding treaty to protect human rights in the face of corporate power

Summary questions

Discussion questions

Further reading

14 Markets or commons

14.1 Markets and property rights as the best protection

14.2 Common rights and livelihoods

14.3 Back to the future

14.4 Case study: Land struggles in Brazil

Summary questions

Discussion questions

Further reading

15. Conclusion: Is it the economy? Are we stupid?

15.1 Too clever for our own good?

15.2 Putting the market in its place?

15.3 Whose common future?

15.4 An oversupply of bad news?

15.5 It’s your future; it’s your choice

Summary questions

Discussion questions

Note

Further reading

Glossary

Bibliography

Index