||The authors and editors of this volume challenge traditional assumptions about economic growth, and develop the elements of a reoriented macroeconomics that takes account both of environmental impacts and of social equity. Policies including carbon trading, revenue recycling, and reorientation of private and social investment are analyzed, providing insight into new paths for economic development with flat or negative carbon emissions. These issues will be crucial to macroeconomic and development policies in the twenty-first century.
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What are the likely economic effects of climate change? What are the costs of substantial action to avert climate change? What economic policies can be effective in responding to climate change? The debate has broad implications for public policy. However, it also raises fundamental questions about economic analysis itself, and moves issues of environmental policy from the microeconomic to the macroeconomic level. Taking global climate change seriously requires a re-examination of macroeconomic goals. Economic growth has been closely linked to expanded use of energy, primarily fossil fuels. The assumption of continuing economic growth, in turn, leads economists to discount future costs, including the generational impacts of climate change. Challenging conventional concepts of growth implies different development paths both for rich and poor nations. This volume brings together contributions from scholars around the world to address these issues.
Scholars, researchers and students of economics and development studies along with policymakers and non-governmental organizations will find this insightful book of great interest.
Jonathan M. Harris
is Director of the Theory and Education Program at
the Tufts University Global Development and Environment
Institute and Neva R. Goodwin is
Co-Director of the Tufts University Global Development
and Environment Institute, USA.
from Edward Elgar Publishing (35% Discount with order code HARRIS09)
Read about the "Growth vs. Sustainability "
conference held in November 2006 on which this book is
Read a recent review of Jonathan Harris's chapter in the book: "Ecological Macroeconomics: Consumption, Investment and Climate Change"