Macroeconomics and the environment : essays on green accounting
Author(s)
Bibliographic Information
Macroeconomics and the environment : essays on green accounting
（Advances in ecological economics）
Edward Elgar, c2013
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Note
Includes bibliographical references and index
Description and Table of Contents
Description
Though scientists and environmentalists have long expressed concern over the rapid deterioration of the global environment, economists have largely failed to recognize the issue's relevance to their field. Salah El Serafy argues for an increased focus on the economic aspects of environmental degradation, calling for a fundamental shift in how economists measure and discuss national income.
Through a combination of new material reflecting recent developments in the field and previously published essays that provide a history of green accounting, the author emphasizes the importance of considering natural resources as part of a nation's economic capital. Setting forth what has become known as the 'El Serafy Method', this fascinating and complex volume presents both the justification and the methodology for giving the environment a place in the global economic conversation.
Students, professors, researchers and policymakers in the field of environmental and ecological economics will no doubt find much to appreciate in this thoughtful and comprehensive analysis of the intersection between economics and the environment.
Table of Contents
Contents: Preface Part I: Introduction 1. Breaking the Ground 2. Green Accounting: History and Prospects 3. The Environment as Capital Part II: Concepts of Income and Capital 4. Income, Capital and Wealth 5. Rent and Royalty 6. Hicks's Income and Hicksian Income 7. Income from Extracting Petroleum and Controversies over Keeping Capital Intact 8. Adjusting for Disinvestment: In the Wake of Brundtland Part III: The User Cost and its Detractors 9. Proper Calculation of Income from Depletable Natural Resources 10. Disagreements and Misunderstandings 11. Hartwick's Contribution Part IV: Methodological Tools 12. Depletable Resources: Fixed Capital or Inventories? 13. Sustainability and Substitutability: Defending Weak Sustainability 14. Growth Rate after Adjustment 15. Pricing the Invaluable: Services of the World's Ecosystems Part V: Policy Matters 16. Population and National Income 17. Green Accounting and Economic Policy 18. The 'Resource Curse': Institutions and Dutch Disease 19. Natural Resources in World Bank Country Economic Work and Indonesia's Experience 20. Sovereign Funds Part VI: Conclusion 21. An Afterword Glossary Index
by "Nielsen BookData"
