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Sustainability for a Warming Planet
"The authors provide a normative approach to global warming that they call sustainability. It consists in finding an economic path that, while satisfying environmental and other constraints, would maintain human welfare for all future generations. They also explain why the current discounted utilitarian approach is unsatisfactory. The book has many original arguments expressed in a clear, logical structure. It should be required reading for graduate students in public economics."--Phillipe De Donder, Toulouse School of Economics "This book should be of great interest to economists working in the field of climate change, particularly those who would like to explore alternatives to the dominant paradigm of discounted utilitarianism. Rejecting that paradigm, the authors evaluate climate policy using sustainability criteria, requiring either that future generations have the same level of utility as earlier generations or that utility grows by at least a fixed rate."-Larry S. Karp, University of California, Berkeley
Sustainability for a Warming Planet
Human-generated greenhouse gas emissions imperil a global resource: a biosphere capable of supporting life as we know it. What is the fair way to share this scarce resource across present and future generations, and across regions of the world? This study offers a new perspective based on the guiding ethics of sustainability and egalitarianism. Sustainability is understood as a pattern of economic activity over time that sustains a given rate of growth of human welfare indefinitely. To achieve this, the atmospheric concentration of carbon must be capped at some level not much higher than exists today, and investments in education and research should be higher than they currently are. Interna...
The Woman Suffrage Movement in America
This book tells the story of woman suffrage as one involving the diverse politics of women across the country.
Economic Justice in an Unfair World
Recent years have seen a growing number of activists, scholars, and even policymakers claiming that the global economy is unfair and unjust, particularly to developing countries and the poor within them. But what would a fair or just global economy look like? Economic Justice in an Unfair World seeks to answer that question by presenting a bold and provocative argument that emphasizes economic relations among states. The book provides a market-oriented focus, arguing that a just international economy would be one that is inclusive, participatory, and welfare-enhancing for all states. Rejecting radical redistribution schemes between rich and poor, Ethan Kapstein asserts that a politically fea...
The Role of Climate Change in Global Economic Governance
Climate change represents an unprecedented challenge, the effects of which require an urgent and effective international response. This book analyses its effect on both developing and developed countries from an economic, financial, and legal perspective, assessing its interaction with international economic law.
Climate Justice
Climate justice requires sharing the burdens and benefits of climate change and its resolution equitably and fairly. It brings together justice between generations and justice within generations. In particular it requires that attempts to address justice between generations through various interventions designed to curb greenhouse emissions today do not end up creating injustice in our time by hurting the currently poor and vulnerable. The United Nations Sustainable Development Goals (SDGs) summit in September 2015, and the Conference of Parties (COP) to the Framework Convention on Climate Change in Paris in December 2015, brought climate change and its development impact centre stage in glo...
The History Manifesto
A call to arms to historians and everyone interested in history in contemporary society. This title is also available as Open Access.
Economic Distribution
What is Economic Distribution In the field of economics, "distribution" refers to the method by which total output, revenue, or wealth is divided up among individuals or among the various components of production. Each unit of output is equivalent to one unit of revenue, according to the general theory as well as specific examples such as the National revenue and Product Accounts of the United States. The classification of factor incomes and the measurement of their respective shares, as in national Income, are two of the many applications of national accounts. Adjustments to the national accounts or other data sources are typically utilized when the focus of an investigation is on the incom...
The Laissez-Faire Experiment
Why Britain’s attempt at small government proved unable to cope with the challenges of the modern world In the nineteenth century, as Britain attained a leading economic and political position in Europe, British policymakers embarked on a bold experiment with small and limited government. By the outbreak of the First World War, however, this laissez-faire philosophy of government had been abandoned and the country had taken its first steps toward becoming a modern welfare state. This book tells the story of Britain’s laissez-faire experiment, examining why it was done, how it functioned, and why it was ultimately rejected in favor of a more interventionist form of governance. Blending in...
Contests
Contest theory is an important part of game theory used to analyse different types of contests and conflicts. Traditional microeconomic models focus on situations where property rights are well defined, and agents voluntarily trade rights over goods or produce rights for new goods. However, much less focus has been given to other situations where agents do not trade property rights, but rather fight over them. Contests: Theory and Applications presents a state-of-the art discussion of the economics of contests from the perspective of both core theory and applications. It provides a new approach to standard topics in labour, education, welfare and development and introduces areas like voting, industrial organisation, mechanism design, sport, and military conflict. Using elementary mathematics, this book provides a versatile framework for navigating this growing area of study and serves as an essential resource for its wide variety of applications in economics and political science.
