Ecological Economics: Principles and Applications

Hardcover
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Author: Herman E. Daly

ISBN-10: 1559633123

ISBN-13: 9781559633123

Category: Environmental Economics

<p>Conventional economics is increasingly criticized for failing to reflect the value of clean air and water, species diversity, and social and generational equity. By excluding biophysical and social reality from its analyses and equations, conventional economics seems ill-suited to address problems in a world characterized by increasing human impacts and decreasing natural resources.<p>Ecological Economics is an introductory-level textbook for an emerging paradigm that addresses...

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This introductory textbook describes the basics of traditional neoclassical economic thought and also examines the connections between economic growth, environmental degradation, and social inequity. The volume opens with a discussion of the role of the earth's biotic and abiotic resources in sustaining life. The rest of the text is organized around the main fields in traditional economics: microeconomics, macroeconomics, and international economics. Annotation ©2004 Book News, Inc., Portland, OR

AcknowledgmentsA Note to InstructorsIntroductionPt. IAn Introduction to Ecological Economics1Ch. 1Why Study Economics3Ch. 2The Fundamental Vision15Ch. 3Ends, Means, and Policy37Pt. IIThe Containing and Sustaining Ecosystem: The Whole59Ch. 4The Nature of Resources and the Resources of Nature61Ch. 5Abiotic Resources77Ch. 6Biotic Resources93Ch. 7From Empty World to Full World111Pt. IIIMicroeconomics123Ch. 8The Basic Market Equation125Ch. 9Supply and Demand141Ch. 10Market Failures157Ch. 11Market Failures and Abiotic Resources185Ch. 12Market Failures and Biotic Resources201Pt. IVMacroeconomics221Ch. 13Macroeconomic Concepts: GNP and Welfare223Ch. 14Money245Ch. 15Distribution259Ch. 16The IS-LM Model277Pt. VInternational Trade307Ch. 17International Trade309Ch. 18Globalization323Ch. 19International Flows and Macroeconomic Policy343Pt. VIPolicy357Ch. 20General Policy Design Principles359Ch. 21Sustainable Scale373Ch. 22Just Distribution389Ch. 23Efficient Allocation405Looking Ahead425Glossary429Suggested Readings443About the Authors447Index449