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Economics - Environmental / Development / Agricultural Economics | The Environment in Economics and Development - Pluralist Extensions of Core Economic Models

The Environment in Economics and Development

Pluralist Extensions of Core Economic Models

Dayal, Vikram

2014, XI, 84 p. 54 illus.

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  • Discusses important problems in developing countries that tend to be neglected, like traditional pollution and livelihoods and the commons
  • Covers diverse perspectives in a simple way, starting with core economic models and then drawing on institutional economics, the social and physical sciences
  • Introduces intriguing issues such as non-linear dynamics and sudden changes in ecological systems, and points out causality issues vital to policy
This brief views the environment through diverse lenses – those of standard economics, institutional economics, political science, environmental science and ecology. Chapter 2 discusses diverse theoretical and statistical models – constrained optimization models, game theory, differential equations, and statistical models for causal inference – in a simple manner. Developing countries have certain distinct environmental problems – traditional pollution and traditional dependence on the commons. While chapters 3 and 4 discuss these specific problems, statistical graphs of the World Development Indicators explore the macro-context of developing countries in chapter 1. Chapter 5 examines ecological systems, which are nonlinear and unpredictable, and subject to sudden regime shifts. Chapter 6 deals with the global challenges of climate change and biological invasions. The last chapter discusses sustainable development and institutions. The brief explains these topics simply; mathematics is largely confined to an appendix. The broad treatment and simple exposition will appeal to students new to the field of economics. The extension of core economic models in diverse directions will also be of interest to economists looking for a different treatment of the subject.

Content Level » Research

Keywords » Complex Ecology and Regime Shifts - Environment and Resource Economics - Livelihoods and the Commons - Pollution - Sustainable Development

Related subjects » Development Economics - Ecology - Environmental / Development / Agricultural Economics - Sustainable Development

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