Click to have a closer look
About this book
About this book
Clear and concise textbook explaining the importance of natural capital and why it is the cornerstone of ecological economics yet dismissed as marginal by mainstream economists.
The ecological economics perspective and why it's needed: The origins of our economic worldview; classical economics, key figures, assumptions; the birth of neoclassicism; driven to abstraction - the neoclassical theory; the ecological economics perspective; co-evolutionary paradigm; scale, throughput, and carrying capacity; the mostly invisible city; substitutability versus complementarity; technological optimism versus prudent skepticism; entropy and economics; what sustainability means. The definition, function and valuation of natural capital: What natural capital is and does; what does natural capital do?; biodiversity, ecosystem function, and the economy; four functions of natural capital; depletion and valuation; some evidence of natural capital depletion; the green devolution; a fearful asymmetry - accounting for natural capital; when "discounted" doesn't mean a bargain; another way? Managing natural capital for sustainability: Investing in natural capital - incentives and obstacles; the nutshell case for natural capital investment; why we ignore natural capital; command and control regulation; incentive-based systems; some investment strategies; green taxes; graded ecozoning; natural capital depletion taxes; the link between human and natural capital; the precautionary polluter-pays principal; ecological tarrifs; natural capital and international trade; property rights regimes; resource utilities; two sustainable profiles; afterword.