Quantitative Eco-nomics

How sustainable are our economies?

By: Peter Bartelmus

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Hardcover | 9 May 2008

At a Glance

Hardcover
360 Pages

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23.5 x 15.88 x 2.54

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"Quantitative Eco-nomics" cuts through the fog of vision and advocacy by comparing and applying new quantitative tools of both environmental and ecological economics. Environmental accounts and empirical analyses provide operational concepts and measures of the sustainability of economic performance and growth. They facilitate rational and compatible environmental and economic policies.

This thought-provoking text raises doubts, however, about the measurability of sustainable development. Has the paradigm run its course? The answer is a guarded 'yes' - guarded because the concept still carries considerable environmental goodwill. At the same time the opaque concept fosters contradictory policy advice, or worse, inaction. Do we need zero- or accelerated economic growth? Should we reduce conspicuous consumption or enjoy spending as we see fit? Will rules and regulation or adjusted markets prevent environmental disaster?

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You Can Find This Book In

Non-Fiction Earth Sciences, Geography, Environment, Planning The Environment Sustainability Economics Environmental Economics Development Economics & Emerging Economies Sociology & Anthropology Sociology Social Research & Statistics Engineering & Technology Environmental Science

Questions, Questions, Questions	p. 1
What on Earth is Wrong?	p. 3
Paradise Lost	p. 3
Environmental Doomsday and International Reaction	p. 4
Reaching the Limits?	p. 8
Further Reading	p. 14
Review and Exploration	p. 15
What's Economics Got to Do with It?	p. 17
Economics Out of Sync?	p. 17
Schools of Eco-nomic Thought	p. 19
A Historical Overview	p. 20
From Mainstream Economics to Deep Ecology	p. 23
Ecological Versus Environmental Economics	p. 26
Economic Sustainability: Maintaining Capital and Welfare	p. 29
Environmental Macroeconomics: Assessing the Sustainability of Economic Growth	p. 30
Environmental Microeconomics: Cost Internalization, Cost-Benefit Analysis, Optimal Use of Natural Resources	p. 32
Ecological Sustainability: Dematerialization	p. 35
Carrying Capacity, Ecosystem Resilience and Environmental Space	p. 35
Material Throughput and Dematerialization	p. 36
Further Reading	p. 39
Review and Exploration	p. 41
Sustainable Development - Blueprint or Fig Leaf?	p. 43
What is Development?	p. 43
Goals and Decades of Development	p. 43
Which Countries Are Developing?	p. 46
Towards an Operational Definition of Sustainable Development	p. 48
Cornucopia from Sustainable Development?	p. 48
From Sustainability to Feasibility of Development	p. 51
Local (Eco-)Development	p. 52
Normative Economics for Sustainable Development?	p. 54
Co-evolutionary Economics	p. 54
Has the Paradigm Run Its Course?	p. 55
Further Reading	p. 57
Review and Exploration	p. 59
Assessing the Physical Base of the Economy	p. 61
Statistics and Indicators	p. 63
Statistical Frameworks	p. 63
A Framework for Environment Statistics	p. 63
Integrating Economic, Environmental and Social/Demographic Statistics	p. 69
From Statistics to Indicators 'for' Sustainable Development	p. 72
Indicator Selection: Reducing Information Overload	p. 72
A Framework for Sustainable Development Indicators	p. 74
Indicator Use: Alert, Action or Evaluation?	p. 78
Global Warming: The Indicator 'of' (Non)Sustainable Development?	p. 80
Further Reading	p. 83
Review and Exploration	p. 86
Aggregation: From Indicators to Indices	p. 87
Aggregation Methods	p. 87
Judgemental Methods of Indicator Evaluation	p. 87
Mathematical Tools of Information Reduction	p. 90
Scientific Criteria of Aggregation	p. 91
Empirical (Commensurable) Weighting	p. 92
Indicator Averages	p. 92
Indices of Environmental Sustainability and Sustainable Development	p. 93
Sustainable Development Index (SDI) and Human Development Index (HDI)	p. 93
Well-Being Index (WI)	p. 96
Environmental Sustainability Index (ESI)	p. 96
Ecological Footprint (EF)	p. 97
Critique: Towards a 'Balanced' Approach	p. 100
Further Reading	p. 102
Review and Exploration	p. 103
Energy and Material Flow Accounting	p. 105
Rationale: Social Metabolism and Environmental Sustainability	p. 105
Energy Accounting	p. 106
Exergy Accounting	p. 108
Emergy Accounting	p. 110
Energy Theory of Value	p. 112
Material Flow Accounting	p. 113
Concepts, Methods and Indicators	p. 114
Results	p. 117
Critique: Ton Ideology, Early Warning or Policy Guide?	p. 119
Physical Input-Output Tables	p. 121
Further Reading	p. 123
Review and Exploration	p. 124
Greening the Economic Accounts	p. 125
Linking the Physical and Monetary Accounts	p. 127
Measures of Economic Welfare and Wealth	p. 127
Welfare Indicators	p. 128
Comprehensive Wealth Measures	p. 130
Extending the National Accounts: Incorporating Nature's Assets	p. 133
Hybrid Accounts: Expanding the Production Boundary	p. 135
Further Reading	p. 137
Review and Exploration	p. 140
SEEA - The System for Integrated Environmental and Economic Accounting	p. 141
Pricing the Priceless	p. 142
Market Valuation of Depletion and Degradation	p. 142
Maintenance Costing of Environmental Degradation	p. 145
Contingent and Related Damage Valuation	p. 147
SEEA Objectives, Structure and Indicators	p. 148
Accounting for Sustainability	p. 150
Environmentally Adjusted Macroeconomic Indicators	p. 151
Accounting for Policy Performance	p. 153
Case Studies	p. 155
SEEA Revision	p. 159
Accounting for Economic Sustainability?	p. 160
Accounting for Ecological Sustainability?	p. 162
Revising the Revision	p. 164
Further Reading	p. 165
Review and Exploration	p. 166
Corporate Accounting: Accounting for Accountability	p. 169
From Accountability to Accounting	p. 169
Corporate Social Responsibility	p. 169
Getting Physical or Monetary?	p. 171
Micro-Macro Link	p. 174
From Accounting to Management	p. 175
Further Reading	p. 178
Review and Exploration	p. 179
Analysis-Modelling Sustainability	p. 181
Diagnosis: Has the Economy Behaved Sustainably?	p. 183
Welfare Secured? Dematerialized? Capital Maintained?	p. 183
Welfare Indices: Confirming the Threshold Hypothesis?	p. 183
Dematerialization: Delinkage of Economic Output and Material Input	p. 185
Capital Maintenance: Has Economic Growth Been Sustainable?	p. 186
What Are the Causes? Structural Analysis of Environmental Impact	p. 188
Environmental-Economic Profiles	p. 189
Direct and Indirect Impacts: From Accounting to Modelling	p. 190
Decomposition: The Driving Forces of Environmental Impacts	p. 192
Further Reading	p. 195
Review and Exploration	p. 196
Prediction: Will Economic Growth Be Sustainable?	p. 197
Econometrics: The Environmental Kuznets Curve Hypothesis	p. 197
Regression Analysis: Testing the Hypothesis	p. 198
Results: Rejecting the Hypothesis?	p. 199
Critique	p. 201
Simulation of Non-sustainability: The Limits-to-Growth Model	p. 202
Model Features and Results	p. 202
Critique and Counter-critique	p. 205
Further Reading	p. 208
Review and Exploration	p. 209
Policy Analysis: Can We Make Growth Sustainable?	p. 211
Environmental Policy Measures in General Equilibrium and Input-Output Analysis	p. 211
Environmental Cost Internalization in the Static Leontief Model	p. 212
Two Case Studies: Greened GDP in Input-Output and CGE Models	p. 214
Environmental Constraints and Optimality: A Linear Programming Approach	p. 218
Dynamic Analysis: Optimality and Sustainability of Economic Growth	p. 220
Dynamic Linear Programming	p. 220
Optimal Growth and Sustainability	p. 222
Some General Conclusions	p. 224
Further Reading	p. 226
Review and Exploration	p. 227
Strategic Outlook	p. 229
Tackling the Limits to Growth	p. 231
Ignoring the Limits: Muddling Through	p. 232
Complying with Limits: Curbing Economic Activity	p. 233
Pushing the Limits: Eco-Efficiency	p. 235
Eco-Efficiency and Resource Productivity	p. 235
Categories and Efficiency of Market Instruments	p. 238
From Theory to Practice: Ecological Tax Reform in Germany	p. 243
Adopting Limits: Sufficiency, Corporate Social Responsibility, Environmental Ethics	p. 245
Voluntary Action: Sufficiency and Corporate Social Responsibility	p. 245
The Driving Force: Environmental Ethics	p. 247
Further Reading	p. 248
Review and Exploration	p. 250
Globalization and Global Governance	p. 251
Sustainability Effects of Globalization	p. 252
Global Governance for Sustainable Development	p. 254
Greening the WTO	p. 255
Creating Countervailing Power	p. 258
Towards a Global Compact?	p. 259
Further Reading	p. 261
Review and Exploration	p. 262
Questions, Questions, Questions - and Some Answers	p. 263
What Is the Problem?	p. 264
What Has Economics Got To Do with It?	p. 264
How Bad Is It?	p. 266
How Bad Has It Been?	p. 266
How Bad Will It Be?	p. 267
What Can Be Done?	p. 268
Some Non-conclusive Answers	p. 269
Annexes	p. 273
Market Failure and Environmental Cost Internalization - A Primer	p. 275
Market and Policy Failure	p. 275
Internalizing Externalities	p. 277
Economic Rent and Natural Resource Depletion	p. 283
SEEA Germany - A Pilot Case Study	p. 285
References	p. 289
Index	p. 309
Colour Plates	p. 317
Table of Contents provided by Ingram. All Rights Reserved.

Quantitative Eco-nomics

How sustainable are our economies?

At a Glance

Hardcover

Shipping

How to return your order

Defective items

You Can Find This Book In

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