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Beyond Growth - The Economics of Sustainable Development
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Read: 2014-01-01
Last Update: 2016-11-20

Five Sentence Abstract:

How large should the economic sub-system be in the Earth system?

Thoughts:

Exceptional Excerpts:

Notes:

// designates my notes.

@@@ designates important.

// poorly organized notes

INTRODUCTION

PART I ECONOMIC THEORY AND SUSTAINABLE DEVELOPMENT

CHAPTER 1: MOVING TO A STEADY-STATE ECONOMY

Biophysical Limits to Growth

Ethicosocial Limits

3 symptoms of growthmania:

CHAPTER 2: ELEMENTS OF ENVIRONMENTAL MACROECONOMICS

The Environmental Macroeconomics of Optimal Scale

Policy Outruns Theory: Tradeable Permits As a Forced Separation of

Allocation, Distribution, and Scale - --Email JCD-- Page 52-53 The tradeable pollution permits scheme, explained below, is a beautiful example of the independence and proper relationship among allocation, distribution, and scale. Consider step by step what this policy requires in practice. First we must create a limited number of rights to pollute. The aggregate or total amount of pollution corresponding to these rights is determined to be within the absorptive capacity of the airshed or watershed in question. That is to say, the scale impact is limited to a level judged to be ecologically sustainablean economic Plimsoll line must be drawn as the very first step. Far from ignoring scale, this policy requires that the issue of sustainable or optimal scale be settled at the beginning. It may be done on the basis of a carrying capacity estimate, a safe minimum standards estimate, or a cost-benefit study, but some limit to total pollution must be set. Second, the limited number of rights corresponding to the chosen scale must be distributed initially to different people. Perhaps equally to citizens, or to firms, or perhaps collectively as public property then to be auctioned or sold by the government to individuals. But there must be an initial distribution before there can be any allocation and reallocation by trading. Only in third place, after having made social decisions regarding an ecologically sustainable scale and an ethically just distribution, are we in a position to allow reallocation among individuals through markets in the interests of efficiency.

How Big is the Economy?

Cowboy, Spaceman, or Bull in the China Shop?

A Glittering Anomaly

CHAPTER 3: CONSUMPTION: VALUE ADDED, PHYSICAL TRANSFORMATION, AND WELFARE

Consumption and Value Added

Consumption and Physical Transformation

Consumption and Welfare

PART II OPERATIONAL POLICY AND SUSTAINABLE DEVELOPMENT

Chapter 4

Operational Policy and Sustainable Development by Investing in Natural Capital

Shifting Investment toward Natural Capital

How to Invest in Natural Capital

Chapter 5

Fostering Environmentally Sustainable Development:

Four Parting Suggestions for the World Bank

PART III - NATIONAL ACCOUNTS AND SUSTAINABLE DEVELOPMENT

Introduction

Chapter 6 - Toward a Measure of Sustainable Net National Product

Sustainable Income

Defensive Expenditures

Depletion of Natural Capital

Chapter 7 - On Sustainable Development and National Accounts

The Anomaly: An Impossibility Hypothesis

Cost, Benefit, and Capital Accounts: An Alternative to GNP

PART IV - POPULATION AND SUSTAINABLE DEVELOPMENT

Introduction

Chapter 8 - Carrying Capacity As a Tool of Development Policy:

The Ecuadoran Amazon and the Paraguayan Chaco

Chapter 9 - Marx and Malthus in Northeast Brazil:

A Note on the World's Largest Class Difference in Fertility and Its Recent Trends

PART V - INTERNATIONAL TRADE AND SUSTAINABLE DEVELOPMENT

Introduction

Chapter 10 - Free Trade and Globalization Vs. Environment and Community

Refutation of two Common Objections

Classical vs Neoclassical views of Free trade

Globalization and Immigration

Chapter 11 - From Adjustment to Sustainable Development:

The Obstacle of Free Trade

Why Free Trade Conflicts with Sustainable Development

PART VI - TWO PIONEERS IN THE ECONOMICS OF SUSTAINABLE DEVELOPMENT

Chapter 12 - The Economic Thought of Frederick Soddy

The Neglected Physical Basis of Economics

The Major Confusion: Wealth Versus Debt

The Monetary flaw

Reform Measures

The Relevance of Soddy's Economic Thought Today

Chapter 13 - On Nicholas Georgescu-Roegen's Contributions to Economics:

An Obituary Essay

PART VII - ETHICS, RELIGION, AND SUSTAINABLE DEVELOPMENT

Introduction

Chapter 14 - A Biblical Economic Principle and the Sustainable Economy

The Principle and Its Biblical Basis

The Principle in the Modern World

The Principle and the Steady-State Economy

Chapter 15 - Sustainable Development: From Religious Insight to Ethical Principle to Public Policy

The Religious Foundations of Sustainable Development

The Ethical Principle of Sustainable Development

Economic Policies for Sustainable Development

Summary and Conclusion











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