Wiley-Blackwell Global Environmental Economics: Equity and the Limits to Markets

Review "After reconnecting neo-classical economic theory to moral philosophy, these essays systematically describe the real challenges of global environmental economics and politics in a world of future uncertainties. Putting equity - intranational, transnational and intergenerational - at the center of analyses does not make the answers easier, but it does make their pursuit realistic and potential application more effective." Richard B. Norgaard, Professor of Energy and Resources and of Agricultural and Resource Economics, University of California, Berkeley "This volume makes a valuable contribution to the literature by providing a unified theoretical background to the topic in addition to specific representative applications. The presentation of both vertical and horizontal equity is unique in that this volume pulls together ideas that lead to the recognition that one form of equity cannot generally be addressed in isolation from the other. The over-riding strength is the direct approach taken to a complex and controversial issue. The argument that equity is, and should be, a determining factor in how we address global environmental issues is clearly expressed and well-supported on both theoretical and applied bases." Jane V. Hall, Professor of Economics, California State University, Fullerton Product Description The work also illustrates that new developments in social choice theory offer a better foundation than traditional welfare economics. From the Inside Flap Global Environmental Economics: Equity and the Limits to Markets represent a stimulating collaboration by economists, ethicists, political scientists, demographers, and ecologists from around the world. By focusing on the implications for future generations and the people of developing countries, the editors provide an alternative to standard approaches that have concentrated on the short-term solutions consumers or markets are willing to support. The book illustrates that issues of equity can be applied to global environmental problems as well as taking a more central role in economic theory. It contends that new developments in social-choice theory offer a better foundation than traditional welfare economics. From the Back Cover Global Environmental Economics: Equity and the Limits to Markets represent a stimulating collaboration by economists, ethicists, political scientists, demographers, and ecologists from around the world. By focusing on the implications for future generations and the people of developing countries, the editors provide an alternative to standard approaches that have concentrated on the short-term solutions consumers or markets are willing to support. The book illustrates that issues of equity can be applied to global environmental problems as well as taking a more central role in economic theory. It contends that new developments in social-choice theory offer a better foundation than traditional welfare economics. About the Author Mohammed Dore, a co-editor of this volume, did his doctoral studies at Oxford University. He is Professor of Economics at Brock University and has published three other books and a number of articles. His current research interests are global environmental change and its distributional consequences on the rich and the poor. He leads an Inter-American team of researchers from South, Central and North America on the role of forests in mitigating global warming. His research has been funded by the Social Sciences and Humanities Research Council of Canada, the National Science Foundation of the USA, the Inter American Institute of Global Change Research (which is now based in Brazil) and also the National Science Foundation of Brazil. He is also a member of NEPAMA, an international consortium of research, based at the University of Brasilia. Tim Mount received his PhD from the University of California, Berkeley (1970). His research and teaching interests are econometric