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Recent events including the financial crisis and the gradual lessening of the planet’s natural resources have raised the fundamental question as to whether the capitalist market system can survive its own contradictions or whether we are witnessing the outset of a profound change in civilization. By deploying the tools of the science of complexity alongside those of historical research, Mauro Bonaiuti tackles this basic question, posed against a backcloth of declining marginal returns where growth in the complexity of industrial, military and bureaucratic-institutional apparatuses is thought to have led to progressive increases in economic, social and environmental costs. In this framework...
Nicolae Georgescu-Roegen (1906-1994) is considered today as perhaps the chief founder of the transdisciplinary field today known as Ecological Economics, but that he defined himself as Bioeconomics. In his later years Georgescu-Roegen intended to write a book of this title that would systematize what he considered to be the most significant results of his work. This project intends to resume this project, publishing a collection of the most relevant Georgescu-Roegen essays on Bioeconomics, including previously unpublished papers.
What is Thermoeconomics In the field of heterodox economics, the thermoeconomics school of thought, which is sometimes known as biophysical economics, is a school of thought that applies the laws of statistical mechanics to economic theory. A subfield of econophysics, thermoeconomics can be regarded of as the statistical physics of economic value. It is also another name for thermoeconomics. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Thermoeconomics Chapter 2: Entropy Chapter 3: Pessimism Chapter 4: Thermodynamics Chapter 5: Ecological economics Chapter 6: Non-equilibrium thermodynamics Chapter 7: Irreversible process Chapter 8: Econophysics Cha...
Climate change is without question the single most important issue the world faces over the next hundred years. The most recent scientific data have led to the conclusion that the globally averaged net effect of human activities since 1750 has been one of warming and that continued greenhouse gas emissions at or above current rates would cause this process to continue to the severe detriment of our environment. This unequivocal link between climate change and human activity requires an urgent, world-wide shift towards a low carbon economy and coordinated policies and measures to manage this transition. The starting point and core idea of this book is the long-held observation that the threat of climate change calls for a change of climate in economics. Inherent characteristics of the climate problem including complexity, irreversibility and deep uncertainty challenge core economic assumptions and mainstream economic theory appears inappropriately equipped to deal with this crucial issue. Kevin Maréchal shows how themes and approaches from evolutionary and ecological economics can be united to provide a theoretical framework that is better suited to tackle the problem.
The economies located in East, South and Southeast Asia have witnessed an interesting growth-sustainability trade-off over the last decades. While growth considerations have paved ways for deepened ties with growing trade-investment waves and increasing population pressure necessitated exploitation of hitherto unutilized natural resources, focus on environmental sustainability has been a recent consideration. The growth impetus still playing a key role in these economies, it becomes imperative that the countries effectively address the key sustainability concerns, e.g. air and water pollution, land degradation, loss of biodiversity, climate change issues like CO2 emissions etc. But how prepa...
A ‘green economy’ must be built on ‘green jobs’ - the kind of employment that is low carbon, intended to reduce energy use and expected to restore environmental quality. But attempts to define exactly what a ‘green job’ is have led to varied and often contradictory answers. There are many unresolved questions including whether we consider jobs in the nuclear fuel industry to be green jobs? Or is a worker at a glass making company which supplies the glass for the solar photovoltaic industry doing a green job given that glass making is a ‘dirty’ industry? This book deals with the relationship between "green" concepts (green jobs, green economy, green growth) and sustainable dev...
Degrowth is a rejection of the illusion of growth and a call to repoliticize the public debate colonized by the idiom of economism. It is a project advocating the democratically-led shrinking of production and consumption with the aim of achieving social justice and ecological sustainability. This overview of degrowth offers a comprehensive coverage of the main topics and major challenges of degrowth in a succinct, simple and accessible manner. In addition, it offers a set of keywords useful forintervening in current political debates and for bringing about concrete degrowth-inspired proposals at different levels - local, national and global. The result is the most comprehensive coverage of the topic of degrowth in English and serves as the definitive international reference. More information at: vocabulary.degrowth.org View the author spotlight featuring events and press related to degrowth at http://t.co/k9qbQpyuYp.
In the midst of human-induced global climate change, powerful industrialized nations and rapidly industrializing nations are still heavily dependent on fossil fuels. Even if we arrive at a Hubbert’s peak for oil extraction in the 21st century, the availability of technologically recoverable coal and natural gas will mean that fossil fuels continue to be burned for many years to come, and our civilization will have to deal with the consequences far into the future. Climate change will not discriminate between rich and poor nations, and yet the UN-driven process of negotiating a global climate governance regime has hit serious roadblocks. This book takes a trans-disciplinary perspective to i...
Recent developments like the rising trend in crude oil price, the international economic crisis, the civil revolts in Northern Africa and the Middle East, the nuclear threat in Japan after the tsunami, the oil spill in the Gulf of Mexico and the economic growth of emerging countries like China and India have a direct relation to the security of energy supply anywhere in the world. This book provides a comprehensive analysis of energy risks, energy scenarios and energy policies with special reference to the European Union and its member states, emphasizing the economic and geopolitical dimensions of energy security. The book assesses both quantitatively and qualitatively the socioeconomic and...
Although it is recognised that Thomas Robert Malthus was wrong when he posited a contradiction between population increase and agricultural growth, there are increasing signs that he could be proved right in the future. Perhaps Malthus was too late and too early in his prediction? He was too late, because he did not foresee the shift from land-based resources to fossil fuels, outing an end to the limits of agricultural growth, at least temporarily; and he was too early to witness that fossil fuels would come up against their own limits in terms of supply as well as in terms of global warming. This study deals with land-based resources and the role they play in the global socio-ecological metabolic regime, both now and in the future. In particular, the controversial use of agrofuels as a solution to coming scarcity is subjected to close scrutiny.