The Microeconomics Of Wellbeing And Sustainability

Book Description :

The Microeconomics of Wellbeing and Sustainability: Recasting the Economic Process explores the civil economy tradition in economic thought. Gaining increasing consensus worldwide, this alternative-not heterodox-view of the economic process and agents explains how modern economics is placing increasing emphasis on the determinants of subjective wellbeing and environmental sustainability. With support from behavioral economics, this book makes a foundational contribution that will help users better understand and prepare for future economic challenges. Marries criticism of the neo-classical model with empirical work on the possibilities of alternative frameworks for action Links new ideas (homo reciprocans, happiness, relational goods) to established microeconomic concepts (the market, perfect and imperfect competition, utility maximization) Devotes specific attention to relevant elements in economic history, explaining how we evolved to the current paradigm and to its challenge

Book Description :

The Microeconomics of Wellbeing and Sustainability: Recasting the Economic Process explores the civil economy tradition in economic thought. Gaining increasing consensus worldwide, this alternative—not heterodox—view of the economic process and agents explains how modern economics is placing increasing emphasis on the determinants of subjective wellbeing and environmental sustainability. With support from behavioral economics, this book makes a foundational contribution that will help users better understand and prepare for future economic challenges. Marries criticism of the neo-classical model with empirical work on the possibilities of alternative frameworks for action Links new ideas (homo reciprocans, happiness, relational goods) to established microeconomic concepts (the market, perfect and imperfect competition, utility maximization) Devotes specific attention to relevant elements in economic history, explaining how we evolved to the current paradigm and to its challenge

Book Description :

At a time when climate change and the Covid-19 pandemic pose a global existential threat, this timely and important book explores how policy responses to a pandemic create both opportunities and challenges for the increased use of environmental pricing instruments, such as carbon taxes, and tradable permit schemes, and targeted green fiscal incentives.

Book Description :

Wellbeing in the workplace is an essential element in fostering a worker’s sense of being valued, ensuring their engagement, and ultimately leading to higher levels of productivity and organizational performance. This important book specifically adds to the discussion by taking a global perspective, and evaluates wellbeing in the workplace in different countries, identifying both universal issues and specific cultural issues. Chapter authors have been drawn from across five continents and eleven countries to provide ground-breaking research in wellbeing from different regional perspectives, looking at both developed and developing world scenarios. What is clear throughout the book is that organizations that are not people-centered undermine their capacity to attain and maintain quality standards, high performance, and competitiveness. Organizational concerns about workers' wellbeing are growing exponentially due to the global VUCA (volatile, uncertain, complex, ambiguous) environment. In this environment, organizational success is no longer simply based on short-term revenue maximization, capital investments, or sales, but increasingly depends on people’s wellbeing, human capital, and the development of human talent to ensure sustained and sustainable growth and performance. This book presents a collection of studies that address current and forthcoming organizational challenges and offer realistic solutions to support leaders and managers seeking to balance and value the contribution of people with long-term organizational performance.

Book Description :

Cultures of Sustainability and Wellbeing: Theories, Histories and Policies examines and assesses the interdependence between sustainability and wellbeing by drawing attention to humans as producers and consumers in a post-human age. Why wellbeing ought to be regarded as essential to sustainable development is explored first from multifocal theoretical perspectives encompassing sociology, literary criticism and socioeconomics, second in relation to institutions and policies, and third with a focus on specific case studies across the world. Wellbeing and its sustainability are defined in terms of biological and cultural diversity; stages of advancement in science and technology; notions of citizenship and agency; geopolitical scenarios and environmental conditions. Wellbeing and sustainability call for enquiries into human capacities in ontological, epistemological and practical terms. A view of sustainability that revolves around material and immaterial wellbeing is based on the assumption that life quality, comfort, happiness, security, safety always posit humans as both recipients and agents. Risk and resilience in contemporary societies define the intrinsically human ability to make and consume, to act and adapt, driving the search for and fruition of wellbeing. How to sustain the dual process of exploitation and regeneration is a task that requires integrated approaches from the sciences and the humanities, jointly tracing a worldwide cartography with clear localisations. This book will be of great interest to students and researchers interested in sustainability through conceptual and empirical approaches including social theory, literary and cultural studies, environmental economics and human ecology, urbanism and cultural geography.

Book Description :

Providing an account of the development of economic thought, this book explores the extent to which economic ideas are rooted in moral values. Adopting an approach rooted in ‘pragmatism’, the work explores key questions which have been considered by economists since the classical political economists. These include: what degree of priority ought to be granted to property rights among all individual liberties; whether uncertainties in economic life justify investing political authorities with the power to stabilize business cycles; whether it is better to trust entrepreneurial initiatives to resolve societal dilemmas or to centralize policy-making in the hands of a benevolent government. The chapters argue that economic thought has evolved from an emphasis on "sympathy" (as defined by Adam Smith) and that there has more recently been a rediscovery of the significance of sympathy reinvented as "fair reciprocity" in the wake of the emergence of behavioural economics and its connection to evolutionary psychology. This key book is of great interest to readers in the history of ideas, political and moral philosophy, and political economy.

Book Description :

The general aim of this book is to present selected chapters of the following types: chapters with more focus on modeling with some necessary simulation details and chapters with less focus on modeling but with more simulation details. This book contains eleven chapters divided into two sections: Modeling in Continuum Mechanics and Modeling in Electronics and Engineering. We hope our book entitled "Modeling and Simulation in Engineering - Selected Problems" will serve as a useful reference to students, scientists, and engineers.

Book Description :

With "Sustainability: A Comprehensive Foundation," first and second-year college students are introduced to this expanding new field, comprehensively exploring the essential concepts from every branch of knowldege - including engineering and the applied arts, natural and social sciences, and the humanities. As sustainability is a multi-disciplinary area of study, the text is the product of multiple authors drawn from the diverse faculty of the University of Illinois: each chapter is written by a recognized expert in the field.

Book Description :

This open access book discusses the challenges and opportunities faced by companies in an age that increasingly values sustainability and demands corporate responsibility. Beginning with the historical development of corporate responsibility, this book moves from academic theory to practical application. It points to ways in which companies can successfully manage their transition to a more responsible, sustainable way of doing business, common mistakes to avoid and how the UN Sustainable Development Goals are integral to any sustainability transformation. Practical cases illustrate key points. Drawing on thirty years of sustainability research and extensive corporate experience, the author provides tools such as a Step-by-Step strategic guide on integrating sustainability in collaboration with stakeholders including employees, customers, suppliers and investors. The book is particularly relevant for SMEs and companies operating in emerging markets. From a broader perspective, the value of externalities, full cost pricing, alternative economic theories and circular economy are also addressed.

Book Description :

In spite of recurrent criticism and an impressive production of alternative indicators by scholars and NGOs, GDP remains the central indicator of countries' success. This book revisits the foundations of indicators of social welfare, and critically examines the four main alternatives to GDP that have been proposed: composite indicators, subjective well-being indexes, capabilities (the underlying philosophy of the Human Development Index), and equivalent incomes. Its provocative thesis is that the problem with GDP is not that it uses a monetary metric but that it focuses on a narrow set of aspects of individual lives. It is actually possible to build an alternative, more comprehensive, monetary indicator that takes income as its first benchmark and adds or subtracts corrections that represent the benefit or cost of non-market aspects of individual lives. Such a measure can respect the values and preferences of the people and give as much weight as they do to the non-market dimensions. A further provocative idea is that, in contrast, most of the currently available alternative indicators, including subjective well-being indexes, are not as respectful of people's values because, like GDP, they are too narrow and give specific weights to the various dimensions of life in a more uniform way, without taking account of the diversity of views on life in the population. The popular attraction that such alternative indicators derive from being non-monetary is therefore based on equivocation. Moreover, it is argued in this book that "greening" GDP and relative indicators is not the proper way to incorporate sustainability concerns. Sustainability involves predicting possible future paths, therefore different indicators than those assessing the current situation. While various indicators have been popular (adjusted net savings, ecological footprint), none of them involves the necessary forecasting effort that a proper evaluation of possible futures requires.

Book Description :

In Human Well-Being and the Natural Environment, Partha Dasgupta explores ways to measure the quality of life. Although the problem pervades a number of academic disciplines, it is not confined to the academic realm. International organizations regularly publish cross-country estimates of the quality of life, journalists and commentators publicize them, and national governments are obliged to take note of them. Today, quality-of-life indices broker political arguments andtogether form a coin that even helps purchase economic and social policy.It is therefore ironic that indices of human well-being in current use are notably insensitive to our dependence on the natural environment, both at a moment in time and across generations. Moreover, international discussions on economic development in poor regions all too frequently ignore the natural resource base. In developing quality-of-life measures, Professor Dasgupta pays particular attention to the natural environment, illustrating how it can be incorporated, more generally, intoeconomic reasoning in a seamless manner. The result is a treatise that goes beyond quality-of-life measures and offers a comprehensive account of the newly emergent subject of ecological economics. The connections between biodiversity, ecosystem services, resource scarcities, and economic possibilitiesfor the future are developed in a quantitative, but accessible, language. Such familiar terms as 'sustainable development', 'social discount rates', and Earth's 'carrying capacity' are given a firm theoretical underpinning. The theory that is developed is then put to use in extended commentaries on the economics of population, poverty traps, global warming, structural adjustment programmes, and free trade. The author shows that, whether we are interested in valuing the state of affairs in acountry or in evaluating economic policy there, the index that should be used is the economy's wealth, which is the social worth of its capital assets. The concept of wealth adopted here is a comprehensive one, including not only manufactured assets, but also human capital, knowledge, and the naturalenvironment. Wealth is contrasted with such popular measures of human well-being as gross national product and the United Nations Development Programme's Human Development Index.Although the theory developed here is not restricted in its applicability to the circumstances facing poor countries, the exposition is prompted by the author's concerns over the dilemmas facing poor people in those parts of world. Repeatedly, he applies the theory to data on poor countries. The picture that emerges is a sobering one and contrasts sharply with that portrayed in the contemporary literature on economic development.The book has been written not only for fellow economists, but also for students of economics, environmental studies, political science, and political philosophy. It is intended even more broadly for the general citizen interested in human well-being and the centrality of the natural environment to our everyday lives.

Book Description :

The unprecedented advances in economic development witnessed over the past decades cannot continue if economic progress comes at the expense of the natural environment. The Sustainable Development Goals, agreed globally in 2015, define a vision of human development where economic, social and environmental domains interact to shape the prospects for future prosperity. This timely collection highlights the contribution of economics to the study of sustainable development. It brings together in one volume some of the most influential articles on the topic by economists over the past fifty years. Environmental sustainability, an inherently interdisciplinary topic, is analysed from the perspectives of applied microeconomics, environmental and resource economics, ecological economics, development economics and public economics. Together with an original introduction by the editors, this volume is indispensable for anyone interested or working in the field.

Book Description :

Mainstream textbooks present economics as an objective science, free from value judgements. The Microeconomics Anti-Textbook demonstrates this to be a myth – one which serves to make such textbooks not only off-puttingly bland, but also dangerously misleading in their justification of the status quo and neglect of alternatives. In this fully updated and expanded edition of their celebrated book, Professors Rod Hill and Tony Myatt lay out the essentials of each topic in the standard texts in a clear and concise way, before presenting an 'anti-text' analysis and critique. Challenging the assumptions, arguments, and models, Hill and Myatt provide the essential guide to decoding the textbooks, and show that real economics is far more interesting - and subversive - than the simplistic version presented to students.

Book Description :

Download Civil Economy book written by Luigino Bruni,Stefano Zamagni, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Book Description :

An Introduction to Gender and Wellbeing in Microeconomics explains how to set up the basics of designing a gender-aware approach to microeconomics by constructing creative gender-aware indicators. Using a wellbeing economics framework, the book argues that economic models should take power differences such as those inherent with gender into account, and be complemented by more qualitative analysis geared to discovering the ‘how’ and ‘why’ behind the ‘what’ questions. This book will be essential reading for academic and professional researchers, as well as policy researchers in gender and economics, international development, and social and economic policy. It will be invaluable for courses relating gender to the economy, and will enable readers to get a clear and concise understanding of the gendered character of the economy and of economic policy.

Book Description :

After the United Nations adopted the 17 Sustainable Development Goals (SDGs) to "end poverty, protect the planet, and ensure prosperity for all," researchers and policy makers highlighted the importance of targeted investment in science, technology, and innovation (STI) to make tangible progress. Science, Technology, and Innovation for Sustainable Development Goals showcases the roles that STI solutions can play in meeting on-the-ground socio-economic and environmental challenges among domestic and international organizations concerned with the SDGs in three overlapping areas: agriculture, health, and environment/energy. Authors and researchers from 31 countries tackle both big-picture questions, such as scaling up the adoption and diffusion of new sustainable technologies, and specific, localized case studies, focusing on developing and middle-income countries and specific STI solutions and policies. Issues addressed include renewable energy, automated vehicles, vaccines, digital health, agricultural biotechnology, and precision agriculture. In bringing together diverse voices from both policy and academic spheres, this volume provides practical and relevant insights and advice to support policy makers and managers seeking to enhance the roles of STI in sustainable development.

Book Description :

Responding to the pressing need of business schools to incorporate sustainability thinking into their curricula, this new book offers fresh thinking on how to achieve this in practical terms. Structured on a typical MBA programme, each chapter explores how sustainability thinking can be integrated into existing subject areas. Rather than being prescriptive, the chapters provide opportunities to reflect on successes as well as challenges associated with embedding sustainability into MBA courses. Contributors explore the employability implications of sustainability and how these are reflected in course designs, pedagogy and assessments. Filling an important gap in current literature, Incorporating Sustainability in Management Education provides important support to Higher Education Institutes who must quickly adapt to this desired change in business school curricula.

Book Description :

Humans are not living within our ecological means. We are using the earth’s resources at a pace that cannot be maintained. We have already seen evidence of the fallout associated with ecological overconsumption and continued abuse of environmental systems will create increasing challenges both today and into the future. Our depletion of natural systems minimizes the possibilities available to future generations who are expected to somehow rely on innovation and ingenuity for their survival. Yet, despite the challenges we face, governments, individuals, non-profits, educational institutions, and corporations are all heralding the promise of sustainable development to save our environmental systems from collapse while allowing for uninterrupted economic growth. Today, the concept of sustainability is a widespread goal that nearly everyone supports. At the same time, almost no one means the same thing when they use the term. Sustainability is so broad and overly used that it seems to mean everything to everyone. The result is that the concept has lost its meaning. In this book, the authors examine the misuses and abuses of "sustainability" and seek to refine and clarify the concept. The authors offer a new definition of sustainability – what they call neo-sustainability – to help guide policies and practices that respect the primacy of the environment, the natural limits of the environment, and the relationship between environmental, social, and economic systems.

Book Description :

With growing awareness of environmental deterioration, atmospheric pollution and resource depletion, the last several decades have brought increased attention and scrutiny to global consumption levels. However, there are significant and well documented limitations associated with current efforts to encourage more sustainable consumption patterns, ranging from informational and time constraints to the highly individualizing effect of market-based participation. This volume, featuring essays solicited from experts engaged in sustainable consumption research from around the world, presents empirical and theoretical illustrations of the various means through which politics and power influence (un)sustainable consumption practices, policies and perspectives. With chapters on compelling topics including collective action, behaviour-change and the transition movement, the authors discuss why current efforts have largely failed to meet environmental targets and explore promising directions for research, policy and practice. Featuring contributions that will help the reader open up politics and power in ways that are accessible and productive and bridge the gaps with current approaches to sustainable consumption, this book will be of great interest to students and scholars of sustainable consumption and the politics of sustainability.

Book Description :

"This resource book discusses the economic arguments that could (and could not) be put forth to support the case for investing in the social determinants of health on average and in the reduction in socially determined health inequalities. It provides an overview and introduction into how economists would approach the assessment of the economic motivation to invest in the social determinants of health and socially determined health inequities, including what the major challenges are in this assessment. It illustrates the extent to which an economic argument can be made in favour of investment in 3 major social determinants of health areas: education, social protection, and urban development and infrastructure. It describes whether education policy, social protection, and urban development, housing and transport policy can act as health policy"--