Green Economics · Confronting the Ecological Crisis by Hahnel, Robin -- Read -- Imperial Library of Trantor

Index

Cover Half Title Title Page Copyright Page Table of Contents Acknowledgments Introduction Part I. Toward a New Paradigm

1. Something Happened on the Way to the Twenty-First Century

Full-World Economics: Limits to Growth Full-World Economics: Externalities Are the Rule, Not the Exception Ecosystem Complexity Notes

2. Cost-Benefit Analysis

The Lure of CBA CBA and Value Judgments Compensation When People Have Rights How Power and Wealth Matter When the Rate of Time Discount Is Determinant When Continuity Is Unlikely When Benefits Are Hard to Quantify Not All Uncertainty Is Created Equal Notes

3. What on Earth Is Sustainahle Development?

Sustainable Development: A Definition What Is GDP? What Is Wrong With GDP? Economic Progress Sustainability as Intergenerational Equity When Capital Is Not Fungible Social Versus Economic Progress A Workable Definition Notes

Part II. Why the Environment Is at Risk

4. Useful Insights From Mainstream Economics

Externalities and Professor Pigou Public Goods and the Free-Rider Problem The Tragedy of the Commons Climate Change Preview Resource Extraction and Rates of Time Preference Notes

5. Where Mainstream Economics Dare Not Go

The Growth Imperative: Beyond Assuming Conclusions Biases Against Leisure and Collective Consumption Competition and Absentee Ownership How Endogenous Preferences Matter Why the Kuznets Curve Will Not Save the Day How High Pigovian Taxes? Jobs Versus the Environment Is Not the Problem Notes

Part III. Environmental Policy

6. Free-Market Environmentalism: Misinterpreting the Coase Theorem

The Coase Theorem: Standard Presentation There Is No Market! A Game of Divide-the-Pie Perfect Knowledge Is Not Complete Information Negotiations With Incomplete Information Multiple Victims: More Than Transaction Costs The Myth of Free-Market Environmentalism Notes

7. Real-World Environmental Policy

A Policy Primer Incidence, Progressivity, and Rebates Zoning and Sprawl Community Management: The Neglected Alternative for CPRs Permit Markets: Dream or Nightmare? Keeping Wall Street at Bay The United States: A Very Special Country Indeed Notes

Part IV. Climate Change

8. A Brief History of Climate Negotiations

The Road to Copenhagen The Free-Rider Problem Reconciling Effectiveness, Equity, and Efficiency Kyoto: Myth Versus Reality Notes

9. Criticisms of Kyoto

What Kyoto Got Right Too Little, Too Late Monitoring Problems The Case for Carbon Trading The Case Against Carbon Trading Efficiency Problems Equity Problems Enforcement Problems: The Invisible Elephant Notes

10. Beyond Kyoto

Let Science Set the Caps Caps for All Equitable Caps: The Greenhouse Development Rights Framework Capping Net Emissions A New Sheriff for the Carbon Market Why Not an International Carbon Tax? Can It Sell in Brussels, Beijing, and Buffalo? A Useful Role for Environmental Justice Activists Notes

Appendix to Part IV: Exercise on Climate Control Treaties Conclusion References Index About the Author