Green Economics: An Introduction to Theory, Policy and Practice

Green Economics: An Introduction to Theory, Policy and Practice

by Molly Scott Cato
     
 

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ISBN-10: 1844075702

ISBN-13: 9781844075706

Pub. Date: 01/28/2009

Publisher: Taylor & Francis

The world as we know it needs a new economics. Climate change, financial crisis and out-of-control globalization - all the major problems facing the world have their root in the dominant economic system. The globalized marketplace is the prevailing force in our lives, undermining the real importance of our human communities and our planet. Green Economics argues

Overview

The world as we know it needs a new economics. Climate change, financial crisis and out-of-control globalization - all the major problems facing the world have their root in the dominant economic system. The globalized marketplace is the prevailing force in our lives, undermining the real importance of our human communities and our planet. Green Economics argues that society should be embedded within the ecosystem, and that markets and economies are social structures that should respond to social and environmental priorities.

This highly readable text provides an introduction to green economics including perspective on taxation, welfare, money, economic development and employment through the work of inspirational figures including Schumacher, Robertson and Douthwaite. It also explores the contributions and insights of schools of thought critical of the dominant neo-classical economic paradigm, including ecofeminism, views from the global South and the perspective of indigenous peoples. Examples of effective green policies that are already being implemented across the world are presented, as well as policy prescriptions for issues including climate change, localization, citizens' income, economic measurement, ecotaxes and trade.

Product Details

ISBN-13:
9781844075706
Publisher:
Taylor & Francis
Publication date:
01/28/2009
Edition description:
1
Pages:
240
Product dimensions:
6.30(w) x 9.30(h) x 0.90(d)

Table of Contents

List of Photographs, Figures, Tables and Boxes ix

Acknowledgements xiii

Preface xv

1 Green Economics: Economics for People and the Planet 1

Why green economics? 2

What is green economics? 5

From economic growth to a balanced economy 9

Why green economics now? 11

Where do we go from here? 13

Part I Theory

2 Where Did It All Start? 17

Intellectual roots: Greeks, socialists and anarchists 18

Spiritual dimensions 19

Key figures and ideas 21

Challenging economics in the academy 30

3 Economics and Identity 35

Sustainability values, not monetary value 35

The guiding vision: Balance, not growth 38

Economics and relationship 41

Re-embedding economics in nature 45

Not squaring the circle but closing the loop 47

Part II Vision for the Future

4 Work 55

Will a green economy mean more work or less? 56

Whose work is it anyway? 59

Deskilling and reskilling 61

Greening production and distribution 64

5 Money 71

The politics of money 72

Money and global injustice 74

Money creation: Financially and ecologically unstable 77

How money wastes people 79

Local currencies for a localized world 81

Conclusion 85

6 Green Business: From Maximizing Profits to a Vision of Conviviality 89

Limitations of market and technological solutions 90

Issues of scale and ownership 92

Learning to switch the lights off 95

Low-carbon growth as the flourishing of the convivial economy 98

Part III Policies for a Green Economy

7 The Policy Context 105

The ecological modernization discourse 106

Policy responses to climate change 109

What's wrong with GDP? 113

Measuring what we value 116

8 Globalization and Trade 123

Whose comparative advantage? 124

How free is free trade? 126

Trade in the era of climate change and peak oil 129

Greening trade locally 131

Greening trade globally 134

9 Relocalizing Economic Relationships 139

Localization to replace globalization 139

Political protection for local economies 142

Self-reliant local economies on the ground 144

The next step: The bioregional economy 150

Conclusion 153

10 Green Taxation 157

Theory of green taxation 157

Strategic taxation 160

Taxes on commons 162

Ecotaxes 164

11 Green Welfare 171

Green approaches to social policy 171

What is poverty? What is welfare? 173

Sharing the wealth; sharing the poverty 176

What is the welfare state? 179

Citizens' Income and people's pensions 181

A health service, not an illness service 183

12 Land and the Built Environment 187

Land and economics 187

Taxing land 190

Building on land 193

Growing on the land 197

13 Summary and Further Resources 205

Index 219

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