Is Economic Growth Sustainable?

Overview

Is growth sustainable? Can we maintain current standards of living in the face of environment changes? As the world economy is shaken by the global recession, these questions become even more critical. This book focuses on the problems that relate to the destruction of the natural infrastructure on which our economics depend, including the extinction of species, radical changes to the Earth's climate, and the depletion of natural resources.

This volume addresses these issues in ...

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Overview

Is growth sustainable? Can we maintain current standards of living in the face of environment changes? As the world economy is shaken by the global recession, these questions become even more critical. This book focuses on the problems that relate to the destruction of the natural infrastructure on which our economics depend, including the extinction of species, radical changes to the Earth's climate, and the depletion of natural resources.

This volume addresses these issues in a rigorous yet accessible fashion, presenting the research of some of the world's leading scholars, to examine if current growth patterns are sustainable. The chapters offer new and original case studies and discussions, which not only in indicate the cost of unsustainable behavior but also illustrate what institutional changes are required in order to minimize the downside of our environment impacts, providing frameworks for a more sustainable economy.

This book is essential reading for all interested in the economics of the environment.

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Product Details

Meet the Author

GEOFFREY HEAL combines a lifelong interest in nature with a fascination with how societies work. He is the Paul Garrett Professor of Public Policy and Corporate Responsibility at Columbia Business School. His research ranges from technical aspects of securities markets to understanding the economic consequences of species extinction, with an emphasis on understanding how societies interact with their natural resource bases. A Past President of the Association of Environmental and Resource Economists, Heal is the author of many scientific articles and books, including Valuing the Future: Economic Theory and Sustainability, Nature and the Market Place, and When Principles Pay: Corporate Social Responsibility and the Bottom Line.

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Table of Contents

List of Tables and Figures

The Sustainability of Economic Growth Geoffrey Heal Heal, Geoffrey 1

1 What Are the Health Effects of Air Pollution in China? Maureen Cropper Cropper, Maureen 10

2 Why Climate Change Impacts on Agriculture Could be Economically Substantial Michael J. Roberts Roberts, Michael J. Wolfram Schlenker Schlenker, Wolfram 47

3 Wealth, Saving and Sustainability Kirk Hamilton Hamilton, Kirk 76

4 China, the US, and Sustainability: Perspectives Based on Comprehensive Wealth Kenneth J. Arrow Arrow, Kenneth J. Partha Dasgupta Dasgupta, Partha Lawrence H. Goulder Goulder, Lawrence H. Kevin Mumford Mumford, Kevin Kirsten Oleson Oleson, Kirsten 92

5 Counting Nonmarket, Ecological Public Goods: The Elements of a Welfare-Significant Ecological Quantity Index James Boyd Boyd, James 145

6 The Challenge of Crafting Rules to Change Open-Access Resources into Managed Resources Elinor Ostrom Ostrom, Elinor 168

7 How Does Trade Affect the Environment? Brian R. Copeland Copeland, Brian R. 206

8 Corporate Environmentalism: Doing Well by Being Green Geoffrey Heal Heal, Geoffrey 248

Author Index 263

Subject Index 267

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