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Ecological economics : principles and applications

Author: Herman E Daly; Joshua C Farley
Publisher: Washington, DC : Island Press, ©2010.
Edition/Format:   Print book : English : 2nd edView all editions and formats
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Argues that humans and ecological systems are inextricably bound together in complex ways. This book provides a foundation in traditional neoclassical economic thought, and places that foundation  Read more...

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Document Type: Book
All Authors / Contributors: Herman E Daly; Joshua C Farley
ISBN: 9781597266819 1597266817
OCLC Number: 406122317
Description: xxvii, 509 pages : illustrations ; 24 cm
Contents: Acknowledgments (starting p. xv) --
A Note to Instructors (starting p. xvii) --
Introduction (starting p. xix) --
Part I An Introduction To Ecological Economics (starting p. 1) --
ch. 1 Why Study Economics? (starting p. 3) --
What Is Economics? (starting p. 3) --
The Purpose of This Textbook (starting p. 6) --
Coevolutionary Economics (starting p. 7) --
The Era of Ecological Constraints (starting p. 11) --
Big Ideas to Remember (starting p. 14) --
ch. 2 The Fundamental Vision (starting p. 15) --
The Whole and the Part (starting p. 15) --
Optimal Scale (starting p. 16) --
Diminishing Marginal Returns and Uneconomic Growth (starting p. 19) --
A Paradigm Shift (starting p. 23) --
Say's Law: Supply Creates Its Own Demand (starting p. 26) --
Leakages and Injections (starting p. 26) --
Linear Throughput and Thermodynamics (starting p. 29) --
Big Ideas to Remember (starting p. 35) --
ch. 3 Ends, Means, and Policy (starting p. 37) --
Ends and Means: A Practical Dualism (starting p. 37) --
The Presuppositions of Policy (starting p. 43) --
Determinism and Relativism (starting p. 44) --
The Ends-Means Spectrum (starting p. 48) --
Three Strategies for Integrating Ecology and Economics (starting p. 51) --
Big Ideas to Remember (starting p. 57) --
Conclusions to Part I (starting p. 58) --
Part II The Containing And Sustaining Ecosystem: The Whole (starting p. 59) --
ch. 4 The Nature of Resources and the Resources of Nature (starting p. 61) --
A Finite Planet (starting p. 62) --
The Laws of Thermodynamics (starting p. 64) --
Stock-Flow Resources and Fund-Service Resources (starting p. 70) --
Excludability and Rivalness (starting p. 73) --
Goods and Services Provided by the Sustaining System (starting p. 74) --
Big Ideas to Remember (starting p. 76) --
ch. 5 Abiotic Resources (starting p. 77) --
Fossil Fuels (starting p. 78) --
Mineral Resources (starting p. 83) --
Water (starting p. 87) --
Ricardian Land (starting p. 88) --
Solar Energy (starting p. 89) --
Summary Points (starting p. 91) --
Big Ideas to Remember (starting p. 92) --
ch. 6 Biotic Resources (starting p. 93) --
Ecosystem Structure and Function (starting p. 93) --
Renewable Resources (starting p. 97) --
Ecosystem Services (starting p. 103) --
Waste Absorption Capacity (starting p. 107) --
Big Ideas to Remember (starting p. 110) --
ch. 7 From Empty World to Full World (starting p. 111) --
Fossil Fuels (starting p. 113) --
Mineral Resources (starting p. 116) --
Water (starting p. 116) --
Renewable Resources (starting p. 118) --
Waste Absorption Capacity (starting p. 119) --
Big Ideas to Remember (starting p. 122) --
Conclusions to Part II (starting p. 123) --
Part III Microeconomics (starting p. 125) --
ch. 8 The Basic Market Equation (starting p. 127) --
Components of the Equation (starting p. 128) --
What Does the Market Equation Mean? (starting p. 133) --
Monopoly and the Basic Market Equation (starting p. 135) --
Non-Price Adjustments (starting p. 136) --
Supply and Demand (starting p. 138) --
Big Ideas to Remember (starting p. 145) --
ch. 9 Supply and Demand (starting p. 147) --
A Shift in the Curve Versus Movement Along the Curve (starting p. 147) --
Equilibrium P and Q, Shortage and Surplus (starting p. 149) --
Elasticity of Demand and Supply (starting p. 153) --
The Production Function (starting p. 156) --
The Utility Function (starting p. 161) --
Big Ideas to Remember (starting p. 164) --
ch. 10 Market Failures (starting p. 165) --
Characteristics of Market Goods (starting p. 165) --
Rivalness (starting p. 167) --
Open Access Regimes (starting p. 169) --
Excludable and Nonrival Goods (starting p. 173) --
Pure Public Goods (starting p. 177) --
Externalities (starting p. 184) --
Missing Markets (starting p. 188) --
Summary Points (starting p. 191) --
Big Ideas to Remember (starting p. 192) --
ch. 11 Market Failures and Abiotic Resources (starting p. 193) --
Fossil Fuels (starting p. 194) --
Mineral Resources (starting p. 200) --
Freshwater (starting p. 204) --
Ricardian Land (starting p. 206) --
Solar Energy (starting p. 208) --
Big Ideas to Remember (starting p. 209) --
ch. 12 Market Failures and Biotic Resources (starting p. 211) --
Renewable Resource Stocks and Flows (starting p. 211) --
Renewable Resource Funds and Services (starting p. 222) --
Waste Absorption Capacity (starting p. 226) --
Biotic and Abiotic Resources: The Whole System (starting p. 230) --
Big Ideas to Remember (starting p. 231) --
ch. 13 Human Behavior and Economics (starting p. 233) --
Consumption and Well-Being (starting p. 235) --
Rationality (starting p. 241) --
Self-Interest (starting p. 243) --
Experimental Evidence (starting p. 244) --
The Spectrum of Human Behavior (starting p. 250) --
A New Model of Human Behavior (starting p. 254) --
Big Ideas to Remember (starting p. 257) --
Conclusions to Part III (starting p. 258) --
Part IV Macroeconomics (starting p. 258) --
ch. 14 Macroeconomic Concepts: GNP and Welfare (starting p. 261) --
A Troubled Marriage (starting p. 262) --
Gross National Product (starting p. 266) --
Sustainable Income (starting p. 271) --
Alternative Measures of Welfare: MEW, ISEW, and GPI (starting p. 274) --
Beyond Consumption-Based Indicators of Welfare (starting p. 277) --
Big Ideas to Remember (starting p. 284) --
ch. 15 Money (starting p. 285) --
Virtual Wealth (starting p. 288) --
Seigniorage (starting p. 289) --
The Fractional Reserve System (starting p. 292) --
Money as a Public Good (starting p. 293) --
Money and Thermodynamics (starting p. 295) --
Big Ideas to Remember (starting p. 299) --
ch. 16 Distribution (starting p. 301) --
Pareto Optimality (starting p. 301) --
The Distribution of Income and Wealth (starting p. 304) --
The Functional and Personal Distribution of Income (starting p. 305) --
Measuring Distribution (starting p. 307) --
Consequences of Distribution for Community and Health (starting p. 311) --
Intertemporal Distribution of Wealth (starting p. 312) --
Big Ideas to Remember (starting p. 320) --
ch. 17 The IS-LM Model (starting p. 321) --
IS: The Real Sector (starting p. 323) --
LM: The Monetary Sector (starting p. 326) --
Combining IS and LM (starting p. 329) --
Exogenous Changes in IS and LM (starting p. 330) --
IS-LM and Monetary and Fiscal Policy (starting p. 333) --
IS-LM in the Real World (starting p. 345) --
Adapting IS-LM to Ecological Economics (starting p. 347) --
Big Ideas to Remember (starting p. 350) --
Conclusions to Part IV (starting p. 351) --
Part V International Trade (starting p. 353) --
ch. 18 International Trade (starting p. 355) --
The Classical Theory: Comparative Advantage (starting p. 355) --
Kinks in the Theory (starting p. 358) --
Capital Mobility and Comparative Advantage (starting p. 360) --
Absolute Advantage (starting p. 362) --
Globalization vs. Internationalization (starting p. 363) --
The Bretton Woods Institutions (starting p. 364) --
The World Trade Organization (starting p. 365) --
Summary Points (starting p. 367) --
Big Ideas to Remember (starting p. 367) --
ch. 19 Globalization (starting p. 369) --
Efficient Allocation (starting p. 369) --
Sustainable Scale (starting p. 378) --
Just Distribution (starting p. 381) --
Summary Points (starting p. 388) --
Big Ideas to Remember (starting p. 388) --
ch. 20 Financial Globalization (starting p. 389) --
Balance of Payments (starting p. 390) --
Exchange Rate Regimes (starting p. 391) --
Theories About Economic Stability (starting p. 393) --
Global Financial Liberalization (starting p. 395) --
The Origins of Financial Crisis (starting p. 397) --
Ecological Economic Explanations of Financial Crisis (starting p. 401) --
Finance and Distribution (starting p. 404) --
What Should Be Done About Global Financial Crises? (starting p. 405) --
Big Ideas to Remember (starting p. 408) --
Conclusions to Part V (starting p. 409) --
Part VI Policy (starting p. 411) --
ch. 21 General Policy Design Principles (starting p. 413) --
The Six Design Principles (starting p. 414) --
Which Policy Comes First? (starting p. 417) --
Controlling Throughput (starting p. 420) --
Price vs. Quantity as the Policy Variable (starting p. 420) --
Source vs. Sink (starting p. 422) --
Policy and Property Rights (starting p. 424) --
Big Ideas to Remember (starting p. 426) --
ch. 22 Sustainable Scale (starting p. 427) --
Direct Regulation (starting p. 427) --
Pigouvian Taxes (starting p. 430) --
Pigouvian Subsidies (starting p. 431) --
Cap and Trade (starting p. 433) --
Policy in Practice (starting p. 439) --
Big Ideas to Remember (starting p. 440) --
ch. 23 Just Distribution (starting p. 441) --
Caps on Income and Wealth (starting p. 442) --
Minimum Income (starting p. 445) --
Distributing Returns from the Factors of Production (starting p. 447) --
Additional Policies (starting p. 456) --
Big Ideas to Remember (starting p. 456) --
ch. 24 Efficient Allocation (starting p. 457) --
Pricing and Valuing Nonmarket Goods and Services (starting p. 457) --
Macro-Allocation (starting p. 464) --
Spatial Aspects of Nonmarket Goods (starting p. 468) --
Redefining Efficiency (starting p. 474) --
Big Ideas to Remember (starting p. 476) --
Looking Ahead (starting p. 477) --
Glossary (starting p. 481) --
Suggested Readings (starting p. 495) --
About the Authors (starting p. 499) --
Index (starting p. 501)
Responsibility: Herman E. Daly and Joshua Farley.

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"As ecological economics builds upon neoclassical economics, however, this single volume treatment of the relatively new field by Daley (emeritus, U. of Maryland) and Farley (U. of Vermont) goes Read more...

 
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