Description: This book's pluralistic, non-dogmatic, and committed investigation of the values of ecological sustainability, economic justice, and human dignity provides a balanced analysis of environmental problems and their potential solutions.
Author Robin Hahnel employs techniques of cost-benefit analysis to illuminate where mainstream economics can be helpful, where mainstream economics can be misleading, and where heterodox ideas can provide important insights. He focuses primarily on climate change, reviews the history of climate negotiations, and provides guidelines for an effective, efficient, and fair post-Kyoto treaty.
Part I. Toward a New Paradigm
1. Something Happened on the Way to the 21st Century
2. Cost Benefit Analysis: Beware
3. What on Earth Is Sustainable Development?
Part II. Why the Environment is at Risk
4. Useful Insights from Mainstream Economics
5. Where Mainstream Economics Dares Not Go
Part III. Environmental Policy
6. Free Market Environmentalism: Misinterpreting the Coase Theorem
7. Real World Environmental Policy
Part IV. Climate Change
8. A Brief History of Climate Negotiations
9. Criticisms of Kyoto
10. Beyond Kyoto
Appendix to Part IV: Exercise on Climate Control Treaties
Comment(s): " Green Economics is an insightful, thought-provoking discussion about getting the economics right for the civilizational challenges that face us this decade and beyond. Hahnel is a master of synthesis, bringing together multiple perspectives to shed light on critical policy debates, and potential paths forward." -- Eban Goodstein, Director, Bard Center for Environmental Policy, Bard College
"Hahnel's new book on the economics of the ecological crisis hits the sweet spot in synthesizing understanding and critique of the main competing paradigms. Hahnel addresses what's right and wrong about neoclassical economics, ecological economics and Marxist economics in their perspectives on ecological issues. By integrating technical, historical and current material, he produces an accessible and informative document valuable for both beginners and more advanced students of environmental policy and politics. This book should find a wide audience both inside and outside academia." -- Paul Baer, Georgia Institute of Technology
Review(s): "Overall, the volume offers a good review and critique of neoclassical methods. ... The most valuable contribution of this book is the section on climate change, which details the history of international climate negotiations; an exercise on climate change treaties can be implemented in the classroom. Recommended. General and undergraduate collections." -- Choice
" Green Economics creatively pulls together diverse thinking from a host of scholars. Hahnel seems to do a great job in presenting his inquiry, providing a useful framework for research that offers tools for understanding problems pertaining to mainstream economic theory, policy, and international negotiations on climate change. This book does offer important insights into economic theory, policy, and negotiations as these relate to the environment. Hahnel's book could prove helpful for advanced undergraduates, graduates, and anyone holding a basic understanding of economics and is interested in an in-depth analysis of environmental economics." -- Journal of Economic Issues