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| Goodwin, Neva R.; Harris, Jonathan M.. |
| Macroeconomic theory and policy are strongly based on the assumption that economic growth is a fundamental goal. The environmental realities of the twenty- first century compel a reassessment of macro theory in terms of the impact of current growth patterns on planetary ecosystems. This paper examines the macroeconomic impacts of growth in terms of several major areas of conflict between economic demands and ecosystem capacities: (1) energy use and fossil fuel dependence (2) greenhouse gas emissions and climate change (3) transportation systems and automobile use (4) food systems and agricultural productivity (5) water, forests, and fisheries (6) toxic chemicals and wastes. Implications for macroeconomic theory include a modification of the goal of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2003 |
URL: http://purl.umn.edu/15574 |
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| Goodwin, Neva R.. |
| This essay will consider the relevance of the social sciences - especially economics - to the foundations of sustainable development. Looming environmental crises have served as a prime motivating force for reevaluating fundamental principles. In particular, the concept of sustainability, carrying with it clear requirements for values, goals and ethics, has begun to reshape economics. The broadest conception of sustainability is found if we understand sustainable development to mean Socially And Environmentally Just And Sustainable development - "SAEJAS development". Throughout the paper we will see examples of rules, or norms, that serve to organize human behavior without requiring that everything be rethought all the time. Among these may be found some... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Community/Rural/Urban Development; Environmental Economics and Policy. |
| Ano: 2001 |
URL: http://purl.umn.edu/15591 |
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| Goodwin, Neva R.. |
| The concept of capital has a number of different meanings. It is useful to differentiate between five kinds of capital: financial, natural, produced, human, and social. All are stocks that have the capacity to produce flows of economically desirable outputs. The maintenance of all five kinds of capital is essential for the sustainability of economic development. Financial capital facilitates economic production, though it is not itself productive, referring rather to a system of ownership or control of physical capital. Natural capital is made up of the resources and ecosystem services of the natural world. Produced capital consists of physical assets generated by applying human productive activities to natural capital and capable of providing a flow of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Community/Rural/Urban Development. |
| Ano: 2003 |
URL: http://purl.umn.edu/15595 |
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| Goodwin, Neva R.. |
| Macroeconomic theory has not yet come to grips with major issues of the twenty- first century. These include environmental pressures, demographic changes, the size, structure, and power of multinational corporations, and growing economic inequality. Existing macroeconomic theory also does not deal adequately with normative issues, focuses excessively on market solutions, assumes that a single macroeconomic theory can apply to all situations, and ignores issues concerning the scale of economic activity and the speed of change. Macroeconomic theory also does not distinguish between final and intermediate goals, and fails to take account of the implications of hedonic psychology for a theory of economic well-being. It implicitly accepts a consumerist ethos... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness. |
| Ano: 2003 |
URL: http://purl.umn.edu/15581 |
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