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The Costs of Economic Growth
This book is a convenient and comprehensive collection of seminal papers on the costs of economic growth. The papers are grouped in 6 sections covering: the origins of the debate, the limits to growth, measurement, international and global dimensions, developing countries, and looking ahead.
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Contributors
Contents
More Information
This book is a convenient and comprehensive collection of seminal papers on the costs of economic growth. The papers are grouped in 6 sections covering: the origins of the debate, the limits to growth, measurement, international and global dimensions, developing countries, and looking ahead. The original introduction, written by the editor, draws out the main themes that run through this extensive and thought provoking literature. This timely collection is is intended for academics, students, researchers and anyone interested in this controversial topic.
Contributors
60 articles, dating from 1848 to 2011
Contributors include: F. Ackerman, B. Aka, C.R. Boehmer, H. Daly, G.M. Grossman, J.S. Mill, J. Rockström, G. Rosenbluth, M.N. Sadar, G. Turner
Contributors include: F. Ackerman, B. Aka, C.R. Boehmer, H. Daly, G.M. Grossman, J.S. Mill, J. Rockström, G. Rosenbluth, M.N. Sadar, G. Turner
Contents
Contents:
Acknowledgements
Introduction Peter A. Victor
PART I THE DEBATE BEGINS
1. John Stuart Mill ([1848] 1868), ‘Of the Stationary State’
2. John Maynard Keynes ([1931] 1951), ‘Economic Possibilities for Our Grandchildren (1930)’
3. K. William Kapp (1950), ‘The Nature and Significance of Social Costs’
4. Leopold Kohr (1978), ‘Size and Living Standards’
5. Kenneth E. Boulding (1966), ‘The Economics of the Coming Spaceship Earth’
6. E.J. Mishan (1967), ‘Foreword’
7. E.J. Mishan (1967), ‘Growthmania’
8. Nicholas Georgescu-Roegen (1975), ‘Energy and Economic Myths’
9. Simon Kuznets (1973), ‘Modern Economic Growth: Findings and Reflections’
10. Luís Francisco Carvalho and João Rodrigues (2006), ‘On Markets and Morality: Revisiting Fred Hirsch’
11. Gideon Rosenbluth (1976), ‘Economists and the Growth Controversy’
PART II LIMITS TO GROWTH
12. Donella H. Meadows (2007), ‘The History and Conclusions of The Limits to Growth’
13. Wilfred Beckerman (1992), ‘Economic Growth and the Environment: Whose Growth? Whose Environment?’
14. Paul Ekins (1993), ‘“Limits to Growth” and “Sustainable Development”: Grappling with Ecological Realities’
15. Giovanni Dosi and Marco Grazzi (2009), ‘Energy, Development and the Environment: An Appraisal Three Decades After the “Limits to Growth” Debate’
16. Graham M. Turner (2008), ‘A Comparison of The Limits of Growth with 30 Years of Reality’
PART III MEASUREMENT
17. Christian Leipert (1986), ‘Social Costs of Economic Growth’
18. Peter Bartelmus (2009), ‘The Cost of Natural Capital Consumption: Accounting for a Sustainable World Economy’
19. Manfred Max-Neef (1995), ‘Economic Growth and Quality of Life: A Threshold Hypothesis’
20. Clive Hamilton (1999), ‘The Genuine Progress Indicator Methodological Developments and Results from Australia’
21. Mathis Wackernagel, Niels B. Schulz, Diana Deumling, Alejandro Callejas Linares, Martin Jenkins, Valerie Kapos, Chad Monfreda, Jonathan Loh, Norman Myers, Richard Norgaard and Jørgen Randers (2002), ‘Tracking the Ecological Overshoot of the Human Economy’
22. William E. Rees (1992), ‘Ecological Footprints and Appropriated Carrying Capacity: What Urban Economics Leaves Out’
23. Helmut Haberl, Karl-Heinz Erb and Fridolin Krausmann (2007), ‘Human Appropriation of Net Primary Production (HANPP)’
24. Gene M. Grossman and Alan B. Krueger (1995), ‘Economic Growth and the Environment’
25. Soumyananda Dinda (2004), ‘Environmental Kuznets Curve Hypothesis: A Survey’
26. Richard T. Carson (2009), ‘The Environmental Kuznets Curve: Seeking Empirical Regularity and Theoretical Structure’
27. Aurélien Boutaud, Natacha Gondran and Christian Brodhag (2006), ‘(Local) Environmental Quality Versus (Global) Ecological Carrying Capacity: What Might Alternative Aggregated Indicators Bring to the Debates About Environmental Kuznets Curves and Sustainable Development?’
28. Marian R. Chertow (2000), ‘The IPAT Equation and Its Variants: Changing Views of Technology and Environmental Impact’
29. Fridolin Krausmann, Simone Gingrich, Nina Eisenmenger, Karl-Heinz Erb, Helmut Haberl and Marina Fischer-Kowalski (2009), ‘Growth in Global Materials Use, GDP and Population During the 20th Century’
30. Johan Rockström, Will Steffen, Kevin Noone, Åsa Persson, F. Stuart III Chapin, Eric Lambin, Timothy M. Lenton, Marten Scheffer, Carl Folke, Hans Joachim Schellnhuber, Björn Nykvist, Cynthia A. de Wit, Terry Hughes, Sander van der Leeuw, Henning Rodhe, Sverker Sörlin, Peter K. Snyder, Robert Costanza, Uno Svedin, Malin Falkenmark, Louise Karlberg, Robert W. Corell, Victoria J. Fabry, James Hansen, Brian Walker, Diana Liverman, Katherine Richardson, Paul Crutzen and Jonathan Foley (2009), ‘Planetary Boundaries: Exploring the Safe Operating Space for Humanity’
PART IV INTERNATIONAL AND GLOBAL DIMENSIONS
31. John Asafu-Adjaye (2003), ‘Biodiversity Loss and Economic Growth: A Cross-Country Analysis’
32. Philip Lawn and Matthew Clarke (2010), ‘The End of Economic Growth? A Contracting Threshold Hypothesis’
33. Brian R. Copeland and M. Scott Taylor (2004), ‘Trade, Growth, and the Environment’
34. Anna Kukla-Gryz (2009), ‘Economic Growth, International Trade and Air Pollution: A Decomposition Analysis’
35. Clive L. Spash (2007), ‘The Economics of Climate Change Impacts à la Stern: Novel and Nuanced or Rhetorically Restricted?’
36. Frank Ackerman, Elizabeth A. Stanton, Chris Hope and Stephane Alberth (2009), ‘Did the Stern Review Underestimate US and Global Climate Damages?’
37. Martin L. Weitzman (2009), ‘On Modeling and Interpreting the Economics of Catastrophic Climate Change’
38. Charles R. Boehmer (2010), ‘Economic Growth and Violent International Conflict: 1875–1999’
PART V DEVELOPING COUNTRIES
39. Bédia F. Aka (2008), ‘Effects of Trade and Growth on Air Pollution in the Aggregated Sub-Saharan Africa’
40. Joysri Acharyya (2009), ‘FDI, Growth and the Environment: Evidence from India on CO2: Emission During the Last Two Decades’
41. Zongguo Wen and Jining Chen (2008), ‘A Cost–Benefit Analysis for the Economic Growth in China’
42. Sheng Zhao, Changwen Wu, Huasheng Hong and Luoping Zhang (2009), ‘Linking the Concept of Ecological Footprint and Valuation of Ecosystem Services - A Case Study of Economic Growth and Natural Carrying Capacity’
43. Arthur P.J. Mol (2011), ‘China’s Ascent and Africa’s Environment’
44. Matthew A. Cole, Robert J.R. Elliott and Jing Zhang (2011), ‘Growth, Foreign Direct Investment, and the Environment: Evidence from Chinese Cities’
PART VI LOOKING AHEAD
45. Herman E. Daly (2001), ‘Beyond Growth: Avoiding Uneconomic Growth’
46. Roefie Hueting (2010), ‘Why Environmental Sustainability Can Most Probably Not be Attained with Growing Production’
47. Sardar M.N. Islam, Mohan Munasinghe and Matthew Clarke (2003), ‘Making Long-Term Economic Growth More Sustainable: Evaluating the Costs and Benefits’
48. A. Antoci, S. Borghesi and P. Russu (2005), ‘Environmental Defensive Expenditures, Expectations and Growth’
49. Stefano Bartolini (2007), ‘Why are People So Unhappy? Why do they Strive so Hard for Money? Competing Explanations of the Broken Promises of Economic Growth’
50. Tim Jackson (2008), ‘Where is the “Wellbeing Dividend”? Nature, Structure and Consumption Inequalities’
51. Siak Smulders (1995), ‘Entropy, Environment, and Endogenous Economic Growth’
52. Roelof Boumans, Robert Costanza, Joshua Farley, Matthew A. Wilson, Rosimeiry Portela, Jan Rotmans, Ferdinando Villa and Monica Grasso (2002), ‘Modeling the Dynamics of the Integrated Earth System and the Value of Global Ecosystem Services Using the GUMBO Model’
53. Jeroen C.J.M. van den Bergh and Peter Nijkamp (1994), ‘Dynamic Macro Modelling and Materials Balance’
54. Graham M. Turner and Timothy Baynes (2010), ‘Soft-Coupling of National Biophysical and Economic Models for Improved Understanding of Feedbacks’
55. Robert U. Ayres (2008), ‘Sustainability Economics: Where do we Stand?’
56. Peter A. Victor (2010), ‘Ecological Economics and Economic Growth’
57. Juliet B. Schor (2005), ‘Sustainable Consumption and Worktime Reduction’
58. Petter Naess and Karl Georg Høyer (2009), ‘The Emperor’s Green Clothes: Growth, Decoupling, and Capitalism’
59. Myron J. Gordon (2005), ‘Growth, Uncertainty and the Third World in the Rise and Fall of Capitalism’
60. Joan Martínez-Alier, Unai Pascual, Franck-Dominique Vivien and Edwin Zaccai (2010), ‘Sustainable De-Growth: Mapping the Context, Criticisms and Future Prospects of an Emergent Paradigm’
Acknowledgements
Introduction Peter A. Victor
PART I THE DEBATE BEGINS
1. John Stuart Mill ([1848] 1868), ‘Of the Stationary State’
2. John Maynard Keynes ([1931] 1951), ‘Economic Possibilities for Our Grandchildren (1930)’
3. K. William Kapp (1950), ‘The Nature and Significance of Social Costs’
4. Leopold Kohr (1978), ‘Size and Living Standards’
5. Kenneth E. Boulding (1966), ‘The Economics of the Coming Spaceship Earth’
6. E.J. Mishan (1967), ‘Foreword’
7. E.J. Mishan (1967), ‘Growthmania’
8. Nicholas Georgescu-Roegen (1975), ‘Energy and Economic Myths’
9. Simon Kuznets (1973), ‘Modern Economic Growth: Findings and Reflections’
10. Luís Francisco Carvalho and João Rodrigues (2006), ‘On Markets and Morality: Revisiting Fred Hirsch’
11. Gideon Rosenbluth (1976), ‘Economists and the Growth Controversy’
PART II LIMITS TO GROWTH
12. Donella H. Meadows (2007), ‘The History and Conclusions of The Limits to Growth’
13. Wilfred Beckerman (1992), ‘Economic Growth and the Environment: Whose Growth? Whose Environment?’
14. Paul Ekins (1993), ‘“Limits to Growth” and “Sustainable Development”: Grappling with Ecological Realities’
15. Giovanni Dosi and Marco Grazzi (2009), ‘Energy, Development and the Environment: An Appraisal Three Decades After the “Limits to Growth” Debate’
16. Graham M. Turner (2008), ‘A Comparison of The Limits of Growth with 30 Years of Reality’
PART III MEASUREMENT
17. Christian Leipert (1986), ‘Social Costs of Economic Growth’
18. Peter Bartelmus (2009), ‘The Cost of Natural Capital Consumption: Accounting for a Sustainable World Economy’
19. Manfred Max-Neef (1995), ‘Economic Growth and Quality of Life: A Threshold Hypothesis’
20. Clive Hamilton (1999), ‘The Genuine Progress Indicator Methodological Developments and Results from Australia’
21. Mathis Wackernagel, Niels B. Schulz, Diana Deumling, Alejandro Callejas Linares, Martin Jenkins, Valerie Kapos, Chad Monfreda, Jonathan Loh, Norman Myers, Richard Norgaard and Jørgen Randers (2002), ‘Tracking the Ecological Overshoot of the Human Economy’
22. William E. Rees (1992), ‘Ecological Footprints and Appropriated Carrying Capacity: What Urban Economics Leaves Out’
23. Helmut Haberl, Karl-Heinz Erb and Fridolin Krausmann (2007), ‘Human Appropriation of Net Primary Production (HANPP)’
24. Gene M. Grossman and Alan B. Krueger (1995), ‘Economic Growth and the Environment’
25. Soumyananda Dinda (2004), ‘Environmental Kuznets Curve Hypothesis: A Survey’
26. Richard T. Carson (2009), ‘The Environmental Kuznets Curve: Seeking Empirical Regularity and Theoretical Structure’
27. Aurélien Boutaud, Natacha Gondran and Christian Brodhag (2006), ‘(Local) Environmental Quality Versus (Global) Ecological Carrying Capacity: What Might Alternative Aggregated Indicators Bring to the Debates About Environmental Kuznets Curves and Sustainable Development?’
28. Marian R. Chertow (2000), ‘The IPAT Equation and Its Variants: Changing Views of Technology and Environmental Impact’
29. Fridolin Krausmann, Simone Gingrich, Nina Eisenmenger, Karl-Heinz Erb, Helmut Haberl and Marina Fischer-Kowalski (2009), ‘Growth in Global Materials Use, GDP and Population During the 20th Century’
30. Johan Rockström, Will Steffen, Kevin Noone, Åsa Persson, F. Stuart III Chapin, Eric Lambin, Timothy M. Lenton, Marten Scheffer, Carl Folke, Hans Joachim Schellnhuber, Björn Nykvist, Cynthia A. de Wit, Terry Hughes, Sander van der Leeuw, Henning Rodhe, Sverker Sörlin, Peter K. Snyder, Robert Costanza, Uno Svedin, Malin Falkenmark, Louise Karlberg, Robert W. Corell, Victoria J. Fabry, James Hansen, Brian Walker, Diana Liverman, Katherine Richardson, Paul Crutzen and Jonathan Foley (2009), ‘Planetary Boundaries: Exploring the Safe Operating Space for Humanity’
PART IV INTERNATIONAL AND GLOBAL DIMENSIONS
31. John Asafu-Adjaye (2003), ‘Biodiversity Loss and Economic Growth: A Cross-Country Analysis’
32. Philip Lawn and Matthew Clarke (2010), ‘The End of Economic Growth? A Contracting Threshold Hypothesis’
33. Brian R. Copeland and M. Scott Taylor (2004), ‘Trade, Growth, and the Environment’
34. Anna Kukla-Gryz (2009), ‘Economic Growth, International Trade and Air Pollution: A Decomposition Analysis’
35. Clive L. Spash (2007), ‘The Economics of Climate Change Impacts à la Stern: Novel and Nuanced or Rhetorically Restricted?’
36. Frank Ackerman, Elizabeth A. Stanton, Chris Hope and Stephane Alberth (2009), ‘Did the Stern Review Underestimate US and Global Climate Damages?’
37. Martin L. Weitzman (2009), ‘On Modeling and Interpreting the Economics of Catastrophic Climate Change’
38. Charles R. Boehmer (2010), ‘Economic Growth and Violent International Conflict: 1875–1999’
PART V DEVELOPING COUNTRIES
39. Bédia F. Aka (2008), ‘Effects of Trade and Growth on Air Pollution in the Aggregated Sub-Saharan Africa’
40. Joysri Acharyya (2009), ‘FDI, Growth and the Environment: Evidence from India on CO2: Emission During the Last Two Decades’
41. Zongguo Wen and Jining Chen (2008), ‘A Cost–Benefit Analysis for the Economic Growth in China’
42. Sheng Zhao, Changwen Wu, Huasheng Hong and Luoping Zhang (2009), ‘Linking the Concept of Ecological Footprint and Valuation of Ecosystem Services - A Case Study of Economic Growth and Natural Carrying Capacity’
43. Arthur P.J. Mol (2011), ‘China’s Ascent and Africa’s Environment’
44. Matthew A. Cole, Robert J.R. Elliott and Jing Zhang (2011), ‘Growth, Foreign Direct Investment, and the Environment: Evidence from Chinese Cities’
PART VI LOOKING AHEAD
45. Herman E. Daly (2001), ‘Beyond Growth: Avoiding Uneconomic Growth’
46. Roefie Hueting (2010), ‘Why Environmental Sustainability Can Most Probably Not be Attained with Growing Production’
47. Sardar M.N. Islam, Mohan Munasinghe and Matthew Clarke (2003), ‘Making Long-Term Economic Growth More Sustainable: Evaluating the Costs and Benefits’
48. A. Antoci, S. Borghesi and P. Russu (2005), ‘Environmental Defensive Expenditures, Expectations and Growth’
49. Stefano Bartolini (2007), ‘Why are People So Unhappy? Why do they Strive so Hard for Money? Competing Explanations of the Broken Promises of Economic Growth’
50. Tim Jackson (2008), ‘Where is the “Wellbeing Dividend”? Nature, Structure and Consumption Inequalities’
51. Siak Smulders (1995), ‘Entropy, Environment, and Endogenous Economic Growth’
52. Roelof Boumans, Robert Costanza, Joshua Farley, Matthew A. Wilson, Rosimeiry Portela, Jan Rotmans, Ferdinando Villa and Monica Grasso (2002), ‘Modeling the Dynamics of the Integrated Earth System and the Value of Global Ecosystem Services Using the GUMBO Model’
53. Jeroen C.J.M. van den Bergh and Peter Nijkamp (1994), ‘Dynamic Macro Modelling and Materials Balance’
54. Graham M. Turner and Timothy Baynes (2010), ‘Soft-Coupling of National Biophysical and Economic Models for Improved Understanding of Feedbacks’
55. Robert U. Ayres (2008), ‘Sustainability Economics: Where do we Stand?’
56. Peter A. Victor (2010), ‘Ecological Economics and Economic Growth’
57. Juliet B. Schor (2005), ‘Sustainable Consumption and Worktime Reduction’
58. Petter Naess and Karl Georg Høyer (2009), ‘The Emperor’s Green Clothes: Growth, Decoupling, and Capitalism’
59. Myron J. Gordon (2005), ‘Growth, Uncertainty and the Third World in the Rise and Fall of Capitalism’
60. Joan Martínez-Alier, Unai Pascual, Franck-Dominique Vivien and Edwin Zaccai (2010), ‘Sustainable De-Growth: Mapping the Context, Criticisms and Future Prospects of an Emergent Paradigm’
