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Post Keynesian And Ecological Economics

Confronting Environmental Issues
Edited by Richard P.F. Holt, Professor of Economics and University Seminar, Southern Oregon University, US, Steven Pressman, Professor of Economics and Finance, Monmouth University, US and Clive L. Spash, Vienna University of Economics and Business, Austria
It is argued that mainstream economics, with its present methodological approach, is limited in its ability to analyze and develop adequate public policy to deal with current environmental problems and sustainable development. This book provides an alternative approach. Building on the strengths and insights of Post Keynesian and ecological economics and incorporating cutting edge work in such areas as economic complexity, bounded rationality and socio-economic dynamics, the contributors to this book provide a trans-disciplinary approach to deal with a broad range of environmental concerns.
Extent: 352 pp
Hardback Price: £93.00 Online: £83.70
Publication Date: 2009
ISBN: 978 1 84720 668 8
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  • Economics and Finance
  • Environmental Economics
  • Post-Keynesian Economics
  • Environment
  • Environmental Economics
This book argues that mainstream economics, with its present methodological approach, is limited in its ability to analyze and develop adequate public policy to deal with environmental problems and sustainable development. Each chapter provides major insights into many of today’s environmental problems such as global warming and sustainable growth.

Building on the strengths and insights of Post Keynesian and ecological economics and incorporating cutting-edge work in economic complexity, bounded rationality and socio-economic dynamics, this book provides an interdisciplinary approach to deal with a broad range of environmental concerns. The contributors show how and where the two traditions share common ground concerning environmental problems and shed light on how the two schools can learn from one another.

The book will be of great value to Post Keynesian and ecological economists as well as to those interested in new approaches to important global environmental issues.
‘Richard P F Holt, Steven Pressman (two leading Post Keynesian economists) and Clive L. Spash (former President of the European Society for Ecological Economics, 1999-2006) have edited a book that will undoubtedly become a major resource for anyone calling to action the heterodox community to pull together a coherent perspective on environmental and sustainability issues.’
– Ali Douai, Economic Issues
Contributors: S. Bietz, J. Courvisanos, P.E. Earl, M. Giampietro, J. Gowdy, R.P.F. Holt, J. Juniper, J. Kahn, M. Lavoie, K. Mayumi, A. Mearman, R.B. Norgaard, S. Pressman, J. Ramos-Martin, L. Reisch, A. Rivas, J.B. Rosser, Jr, H. Schandl, R.H. Scott III, C.L. Spash, A. Vatn, T. Wakeley
Contents:

PART I: INTRODUCTION
1. Post Keynesian and Ecological Economics: Alternative Perspectives on Sustainability and Environmental Economics
Richard P.F. Holt and Clive L. Spash

PART II: METHODOLOGY AND HISTORY OF THOUGHT
2. Recent Developments in Post Keynesian Methodology and their Relevance for Understanding Environmental Issues
Andrew Mearman

3. Challenges for Post Keynesian Growth Theory: Utopia Meets Environmental and Social Reality
Clive L. Spash and Heinz Schandl

4. The Environmental Case for a Collective Assessment of Economism
Richard B. Norgaard

5. The Post Keynesian/Ecological Economics of Kenneth Boulding
Robert H. Scott, III

6. Combining Post Keynesian, Ecological and Institutional Economics Perspectives
Arild Vatn

PART III: CONSUMERS IN THEORY AND PRACTICE
7. Post Keynesian Consumer Choice Theory and Ecological Economics
Marc Lavoie

8. Price-based versus Standards-based Approaches to Reducing Car Addiction and Other Environmentally Destructive Activities
Peter E. Earl and Tim Wakeley

9. The Socio-Psychology of Achieving Sustainable Consumption: An Example Using Mass Communication
Lucia Reisch, Clive L. Spash and Sabine Bietz

PART IV: STRUCTURING SYSTEMS OF PRODUCTION
10. Incorporating Biophysical Foundations in a Hierarchical Model of Societal Metabolism
John Gowdy, Mario Giampietro, Jesus Ramos-Martin and Kozo Mayumi

11. Theoretical and Policy Issues in Complex Post Keynesian Ecological Economics
J. Barkley Rosser, Jr

12. Environmental Innovation: A Post Keynesian Interpretation
James Juniper

13. The Sustainable Economic Development of Traditional Peoples
James Kahn and Alexandre Rivas

14. Optimize versus Satisfice: Two Approaches to an Investment Policy in Sustainable Development
Jerry Courvisanos

Index