Economics Sustainability And Democracy

The joint report of twenty-one social scientists who collaborated over two years under the name of the Group on East-South Systems Transformations (ESST) identifies the principal political and economic choices confronting new democracies in Southern and Eastern Europe and South America.

How should we conduct economics in an era of climate change, natural resource depletion and population increase? These issues are systemic, and involve great uncertainties and long time horizons. This book contends that the free-market economics that has dominated capitalist democracies in recent decades is not up to the task; that the welfarist economics that preceded it, while preferable, also has inadequacies; and that what is required is an economics founded on ecological principles, greater respect for the laws of natural science, and a moral commitment to a sustainable future. The book commences with an exposition of major aspects of orthodox macroeconomic and microeconomic theory. It then explores the bounds of orthodox theory in relation to ethics, liberalism, ideology, society, the international economy, globalization, and the environment, and seeks lessons for a future economics. Issues raised by natural resource use and climate change are given particular prominence. Many of the issues of critical importance in coming decades involve not private goods but public goods: goods which markets are ill-equipped to deal with. In the resolution of these issues political processes will need to be engaged. The availability to each individual of clean air, clean water and adequate sustenance, goods which cannot be provided for by economic production alone, are of central concern. While acknowledging the importance of market processes, the author argues in favour of a more deliberative and democratic economy, the greater engagement of civil society, environmental human rights and responsibilities, and in favour of a World Environment Organization, change in the conduct of the World Trade Organization, and for economists to accept moral responsibility for the policies they advocate. Specific case studies are given and potential policies outlined. This book will be of interest not only to economists but also to citizens generally and students concerned with public affairs.

This text argues that the major economic problems of the present century involve issues of public goods and common pool resources with which orthodox economic theory, based as it is on private markets, is ill-equipped to deal.

This book makes the case for a New Environmentalism, and using a systems change approach, takes the reader through ideas for reorienting the economy. It addresses the laws and policies needed to support the emergence of a new economy across a variety of major areas – from energy to food, across common pool resources, and shifting investments to capitalize locally-connected and mission-driven businesses. The authors take the approach that the challenges are much broader than setting parameters around pollution, and go to the heart of the dominant global political economy. It explores the values needed to transform our current economic system into a new economy supportive of ecological integrity, social justice, and vibrant democracy.

This book deals with the challenges posed by the transformation of society towards much-needed sustainability. Especially, it deals with the local features of this change, but seen in a global context. The two cases examined - the municipalities of Linköping and Åtvidaberg - are Swedish, but the problems of how to relate locally to a globalized world are common today. The cases have been deliberately chosen to expose alternative types of choices for the local communities involved. Large Linköping is, historically, a nodal city of importance in the national grid of regional centres, one that relates to the nation state and represents officialdom. Small Åtvidaberg developed in the context of its forest region setting and metallurgy, and today operates directly to wider markets, while still emphasising its very local identity. The fact that these municipalities border each other provides a similar regional context, and differences between them may then not be entirely confused by a debate on drastically different geographical settings.

One of the most fundamental dilemmas characterizing the end of the twentieth century is the tension between consumerism, on one hand, and the threats to our health and environment on the other. John Buell and Thomas S DeLuca provide a trenchant analysis of the growth of environmentalism during a period of increased conservatism and deregulation. First, they consider the myths that strengthen our understanding of environmental issues and their political ramifications. The authors then probe the intricate relation between economic growth and environmentalism. Finally, they suggest a series of principles and reforms that point to a way out of the bind that threatens to ensnare us.

Assuming that liberalism, liberal democracy and the free market are here to stay, this book asks how sustainability can be interpreted in ways that respect liberal democratic values and institutions. Among the problems addressed are the compatibility of liberal proceduralism with substansive 'green' ideals, the existence and potential of eco-friendly principles and ideas in classical liberal political theory, the role of rights and duties and of democracy and deliberation, and the 'greening' potential of modern environmental-focused practices in liberal democracies.

Half a century ago, many democratic states started to respond to environmental pressures that had arisen in the wake of rapid industrialization. They set up environmental ministries and agencies and issued legislation to control the pollution of air and water and to manage industrial processes, wastes and toxic substances. This was the birth of the environmental state. With planetary ecological challenges like climate change spiraling out of control and dwarfing the environmental state’s classical tasks of environmental management, new questions about the transformative capacities of the state are becoming acute today. How large is the state’s capability to transform enhanced industrial societies into sustainable post-carbon societies? Do its new environmental functions empower the state to prioritise ecological goals over economic growth? Can the state’s environmental management capabilities be radicalised to turn it into a ‘sustainability state’? Can democracies be enhanced to enlarge the state’s transformative capacities? The Political Prospects of a Sustainability Transformation: Moving Beyond the Environmental State explores these and other questions from a variety of theoretical and empirical angles, covering the fields of democratic theory, theories of the state, political economy, political sociology, rhetoric and political philosophy. The chapters in this book were originally published as a special issue of the journal Environmental Politics.