The Economics of the Global Environment: Catastrophic Risks in Theory and Policy (Studies in Economic Theory)

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Description

This is the first book combining research at the Global Environment, Catastrophic Risks and Economic Theory and Policy. Brand new economic theory originated in the midst of the twentieth century when industrial expansion coupled with population growth led to a voracious use of natural resources and global environmental concerns. It’s uncontested that, for the first time in recorded history, humans dominate the planet, changing the planet’s atmosphere, its bodies of water, and the complex internet of species that makes life on the earth. This radical change in circumstances led to rethinking of the foundations of human organization and, in particular, the industrial economy and the economic theory in the back of it. This book brings together new approaches on a couple of levels: environmental sustainability requires rethinking in the case of economic theory and policy in addition to the considerations of catastrophic risk and extremal events. Leading experts address questions of economic governance, risk management, policy decision making and distribution across time and space.

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