EAN: 9783319319414

THE ECONOMICS OF THE GLOBAL ENVIRONMENT GEBUNDEN

This is the first book combining research on the Global Environment  Catastrophic Risks and
Economic Theory and Policy. Modern economic theory originated in the middle of the twentieth
century when industrial expansion coupled with population growth led to a voracious use of
natural resources and global environmental concerns. It is 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 web of species that makes life on 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 behind it. This book brings together new
approaches on multiple levels: environmental sustainability requires rethinking in terms of
economic theory and policy as well as 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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