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Sustainability and the New Economics: Synthesising Ecological Economics and Modern Monetary Theory

Sustainability and the New Economics: Synthesising Ecological Economics and Modern Monetary Theory

Paperback

Technology & EngineeringEnvironmental Studies

ISBN10: 3030787974
ISBN13: 9783030787974
Publisher: Springer Nature
Published: Dec 11 2022
Pages: 344
Weight: 1.09
Height: 0.74 Width: 6.14 Depth: 9.21
Language: English

This multidisciplinary book provides new insights and hope for sustainable prosperity given recent developments in economics - but only if swift and strong actions consistent with Earth's biophysical limits and principles of justice are universally taken.

It is one thing to put limits on resource throughput and waste generation to conform with the ecosphere's biocapacity. It is another thing to efficiently allocate a sustainable rate of resource throughput and ensure it is equitably distributed in the form of final goods and services. While the separate but interdependent decisions regarding throughput, distribution, and allocation are the essence of ecological economics, dealing with them in a world that needs to cure its growth addiction requires a realistic understanding of macroeconomics and the fiscal capacity of currency-issuing central governments. Sustainable prosperity demands that we harness this understanding to carefully regulate the rate of resource throughput and manipulate macroeconomic outcomes to facilitate human flourishing.

Also from

Williams, Stephen J.

Also in

Environmental Studies