Towards an Integrated Paradigm in Heterodox Economics [electronic resource] : Alternative Approaches to the Current Eco-Social Crises /
Gerber, J.editor.
Steppacher, R.editor.
The human imprint on the biosphere has become so pronounced in recent years that there has been talk of a new geological era, the 'Anthropocene'. Gathering contributions from some of the world's foremost heterodox economists, this book explores the new economic directions and paradigms that are required to respond to this crisis.
Description based upon print version of record.
Cover; Half-title; Title; Copyright; Dedication; Contents; List of Illustrations; Acknowledgments; Notes on Contributors; Introduction; The aim of the book: a contribution towards the integration of heterodox thinking; The foundation of ecological and critical institutional economics; The need for integration in heterodox economics: the relevance of K.W. Kapp; Some key integrative concepts: summary of the chapters; 1 Towards the Integration of Social, Economic and Ecological Knowledge; Introduction; Integration and ecological economics; Approaches to integration; Kapp's integrative proposal
Ecological economics: a movement in three campsConclusions; 2 The Fog of Economics; The current and continuing crisis; Gaps in neoclassical theory; The missing link: energy; 3 New Narratives for Sustainability: The Red Pill for Economists; How good is current understanding of the sustainability predicament?; Understanding Soddy's prophecy to avoid falling into the era of 'Ponzi scheme economics'; The understated biophysical reality: the peak oil and the metabolic pattern of modern societies; The red pill prescribed for economists; Conclusion
4 Social Metabolism, Environmental Cost-Shifting and Valuation LanguagesIntroduction; The environmentalism of the poor; Varieties of environmentalism; Two women from Ecuador; Social metabolism; Conclusion; 5 Meanings and Significance of Property with Reference to Today's Three Major Eco-Institutional Crises; Introduction; The differentiation between property and possession as a key point of integration; Centering property and possession on three major crises: some preliminary considerations; Conclusion; 6 An Institutional and Evolutionary Critique of Natural Capital; Introduction
Capital and natural capitalNatural capital and the boundary of economic analysis; Veblen's institutional critique of capital; Bringing biophysical foundations back into ecological economics; Merging human economy and human ecology; 7 From Utilitarianism to Evolution in Ecological Economics; From neoclassical self-interest to morality and need; In search of an overarching analytical framework; Using evolutionary thinking to connect economic and ecological values; Conclusion; 8 Economics: The Dismal Science?; 9 Moving from a Failed Growth Economy to a Steady-State Economy
10 Global Poverty and Financial Crisis: Are We Trapped in an Obsolete Economic Order?The setting; The financial crisis of 2007; The perpetuation of world poverty; Are we trapped in an obsolete economic order?; A few further reflections; References; Index
Includes bibliographical references and index.
The human imprint on the biosphere has become so pronounced in recent years that there has been talk of a new geological era, the 'Anthropocene'. Gathering contributions from some of the world's foremost heterodox economists, this book explores the new economic directions and paradigms that are required to respond to this crisis.
Kapp, K. William (Karl William), 1910-1976.
Schools of economics.
Economic theory.
Environmental economics.
Macroeconomics.
Heterodox Economics.
Economic Theory/Quantitative Economics/Mathematical Methods.
Environmental Economics.
Macroeconomics/Monetary Economics//Financial Economics.