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Macroeconomics in Ecological Context

Author: Karl Seeley
Publisher: Cham Springer International Publishing 2017.
Series: Studies in Ecological Economics, 5.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Natural resources have been a recurring subject of public interest, from the environmental awakening in and the oil crises of the later 20th century, to wide swings in oil prices and increased concern about climate change in the first decades of the 21st century. Standard macroeconomics books treat resources in passing, in an ad hoc manner, if at all. This text integrates resources into the model from the ground up,  Read more...
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Genre/Form: Online-Ressource
Additional Physical Format: Printed edition
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Karl Seeley
ISBN: 9783319517575 3319517570
OCLC Number: 974720932
Description: 1 online resource (1 Online-Ressource.).
Series Title: Studies in Ecological Economics, 5.
Responsibility: by Karl Seeley.

Abstract:

Natural resources have been a recurring subject of public interest, from the environmental awakening in and the oil crises of the later 20th century, to wide swings in oil prices and increased concern about climate change in the first decades of the 21st century. Standard macroeconomics books treat resources in passing, in an ad hoc manner, if at all. This text integrates resources into the model from the ground up, allowing a more logically consistent understanding of the economic effects of changed resource availability. But the underlying structure remains mostly traditional: a full-employment perspective on the long run and a Keynesian approach to business-cycle fluctuations. This provides an easier adaptation for instructors and gives students the tools to understand economic analysis done in a more conventional framework. The business-cycle material starts with a "natural history" of money to help students see the connections between social and physical phenomena.

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