The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World

The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World

by William D. Nordhaus
The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World

The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World

by William D. Nordhaus

Paperback

$23.95 
  • SHIP THIS ITEM
    Qualifies for Free Shipping
  • PICK UP IN STORE
    Check Availability at Nearby Stores

Related collections and offers


Overview

From a Nobel Prize–winning pioneer in environmental economics, an innovative account of how and why “green thinking” could cure many of the world’s most serious problems—from global warming to pandemics

Solving the world’s biggest problems—from climate catastrophe and pandemics to wildfires and corporate malfeasance—requires, more than anything else, coming up with new ways to manage the powerful interactions that surround us. For carbon emissions and other environmental damage, this means ensuring that those responsible pay their full costs rather than continuing to pass them along to others, including future generations. In The Spirit of Green, Nobel Prize–winning economist William Nordhaus describes a new way of green thinking that would help us overcome our biggest challenges without sacrificing economic prosperity, in large part by accounting for the spillover costs of economic collisions.

In a discussion that ranges from the history of the environmental movement to the Green New Deal, Nordhaus explains how the spirit of green thinking provides a compelling and hopeful new perspective on modern life. At the heart of green thinking is a recognition that the globalized world is shaped not by isolated individuals but rather by innumerable interactions inside and outside the economy. He shows how rethinking economic efficiency, sustainability, politics, profits, taxes, individual ethics, corporate social responsibility, finance, and more would improve the effectiveness and equity of our society. And he offers specific solutions—on how to price carbon, how to pursue low-carbon technologies, how to design an efficient tax system, and how to foster international cooperation through climate clubs.

The result is a groundbreaking new vision of how we can have our environment and our economy too.


Product Details

ISBN-13: 9780691233512
Publisher: Princeton University Press
Publication date: 06/20/2023
Pages: 368
Sales rank: 1,081,099
Product dimensions: 5.70(w) x 8.90(h) x 1.00(d)

About the Author

William D. Nordhaus, the winner of the 2018 Nobel Prize in Economics, is the Sterling Professor of Economics and Professor in the School of the Environment at Yale University. His many books include The Climate Casino: Risk, Uncertainty, and Economics for a Warming World and A Question of Balance: Weighing the Options on Global Warming Policies. He lives in New Haven, Connecticut.

Table of Contents

1 Preface 1

Part I Foundations of a Green Society 5

2 Green History 7

3 Principles of a Green Society 17

4 Green Efficiency 27

5 Regulating Externalities 41

6 Green Federalism 50

7 Green Fairness 57

Part II Sustainability in a Perilous World 71

8 Green Economics and Concepts of Sustainability 73

9 Green National Accounting 83

10 The Lure of Exo-civilizations 95

11 Pandemics and Other Societal Catastrophes 110

Part III Behavioralism and Green Politics 127

12 Behavioralism as the Enemy of the Green 129

13 Green Political Theory 141

14 Green Politics in Practice 153

15 The Green New Deal 170

Part IV Green Across the Social and Economic Landscape 177

16 Profits in a Green Economy 179

17 Green Taxes 189

18 The Double Externality of Green Innovation 204

19 Individual Ethics in a Green World 225

20 Green Corporations and Social Responsibility 239

21 Green Finance 254

Part V Global Green 265

22 Green Planet? 267

23 Climate Compacts to Protect the Planet 281

Part VI Critiques and Final Reflections 295

24 Skeptics of Green 297

25 A Tour of the Spirit of Green 314

Notes 323

Index 337

What People are Saying About This

From the Publisher

“William Nordhaus, winner of the Nobel Prize for his pathbreaking contributions to the economics of climate change, shows clearly and eloquently that we have the reasons, economic tools, and technologies to achieve a Green Earth. He writes with great wisdom and insight on how we can achieve a ‘well-managed society,’ one that advances the wellbeing of current and future generations. And he demonstrates the power of economic tools, many of which he has designed or honed, to achieve our global green goals.”—Jeffrey D. Sachs, Columbia University, president of the UN Sustainable Development Solutions Network

“Brilliantly written, spectacularly clearheaded, and quietly passionate, The Spirit of Green is the best book I have ever read on environmentalism—on its foundations, on what it means, and on what it doesn't mean. If you’re looking for a guide for humanity’s future—and that of our planet’s other species as well—well, this is it.”Cass R. Sunstein, author of Averting Catastrophe

The Spirit of Green is an extended essay, combining moral philosophy with conventional economics, on principles for a ‘Green Society.’ While favoring market capitalism, Nordhaus advocates regulations that counter harmful negative externalities. His prose is enlivened by his passion for sustainability and by pithy maxims such as ‘tax bads, not goods.’ ”—Robert O. Keohane, professor emeritus, Princeton University

The Spirit of Green is all of economics seen through a green lens. Full of pithy and compelling examples, and clear and vivid writing, it is learned and deeply instructive—and even moving. Human evolution has equipped us with a capacity for making a good society embedded in the natural world, but we still must work thoughtfully to achieve a well-managed society, Nordhaus shows. This is especially the case in the last few thousand years as the size of our population, the sophistication of our technology, and our ability to change the natural world around us has grown. Nordhaus is a magnificent, soaring guide to the spirit of green that will be required for this deep and fundamental project so central to all of humanity.”—Nicholas A. Christakis, author of Blueprint: The Evolutionary Origins of a Good Society

From the B&N Reads Blog

Customer Reviews