الصفحة 1
الصفحة 1
Institutions, Sustainability, and Natural Resources : Institutions for Sustainable Forest Management
A new economic theory, rather than a new public policy based on old theory, is needed to guide humanity toward sustainability. Institutions are a critical dimension of sustainability and sustainable forest management, and economic analysis of institutional dimension requires an inclusionist rather than an exclusionist approach. This book provides a systematic critique of neoclassical economic approaches and their limitations with respect to sustainability. Leading institutional economists discuss theoretical perspectives about appropriate institutions for sustainable forest management, markets for environmental services, deforestation and specialization, and some country experiences about Kyoto Protocol, international trade, biodiversity conservation, and sustainable forest management in general. The book includes the ideas from old as well as new institutional economics and discusses the main features of Post-Newtonian economics.This book follows a companion book, Economics, Sustainability, and Natural Resources: Economics of Sustainable Forest Management, volume 1 of the series.
Economics, Sustainability, and Natural Resources: Economics of Sustainable Forest Management
The economics of sustainability is much more complex than the neoclassical (Newtonian) economic approach to economic efficiency. Forest resources provide the ideal starting point for the economic analysis of sustainability. This book provides a systematic critique of neoclassical economic approaches and their limitations with respect to sustainability. Leading economists from different streams of economics discuss key economic aspects of sustainability and sustainable forest management including complexity, ethical issues, consumer choice theory, intergenerational equity, non-convexities, and multiple equilibria. This is the book which integrates different streams of economics – complexity theory, behavioral economics, post-Keynesian consumer choice theory, social choice theory, and non-convexities – and suggests the main features of Post-Newtonian economics.
