355 pages, 28 figs, 16 tabs
This volume represents a stimulating collaboration by economists, ethicists, political scientists, demographers, and ecologists from around the world. By focusing on the implications for future generations and the people of developing countries, the editors provide an alternative to standard approaches that have concentrated on the short-term solutions consumers or markets are willing to support. The book illustrates that issues of equity can be applied to global environmental problems as well as taking a more central role in economic theory. It contends that new developments in social-choice theory offer a better foundation than traditional welfare economics.
After reconnecting neo-classical economic theory to moral philosophy, these essays systematically describe the real challenges of global environmental economics and politics in a world of future uncertainties. Putting equity - intranational, transnational and intergenerational - at the center of analyses does not make the answers easier, but it does make their pursuit realistic and potential application more effective. Richard B. Norgaard, Professor of Energy and Resources and of Agricultural and Resource Economics, University of California, Berkeley "This volume makes a valuable contribution to the literature by providing a unified theoretical background to the topic in addition to specific representative applications. The presentation of both vertical and horizontal equity is unique in that this volume pulls together ideas that lead to the recognition that one form of equity cannot generally be addressed in isolation from the other. The over-riding strength is the direct approach taken to a complex and controversial issue. The argument that equity is, and should be, a determining factor in how we address global environmental issues is clearly expressed and well-supported on both theoretical and applied bases." Jane V. Hall, Professor of Economics, California State University, Fullerton
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