The Environmental Limits to Growth: A Fresh Look

Author(s):  
Wilfred Beckerman
Author(s):  
John O'Neill

Is there a relation between the increasing extension of markets and market norms to previously non-market goods, and the growth of environmental problems? This chapter explores two competing answers: market-endorsing positions that argue that a source of environmental problems lies in the absence of markets in environmental goods and that the extension of markets or market modes of valuation to environmental goods offers the most effective way of protecting them; market-skeptical positions that deny that the extension of markets will protect environmental goods or more strongly that markets and increasing marketization are themselves a source of environmental problems. These positions offer distinct perspectives on market mimicking instruments in environmental policy making, such as cost-benefit analysis, and on the development of new markets, for example in emission rights and biodiversity offsets. The issues raised include questions about value commensurability, justice, epistemic limits to planning and markets, and environmental limits to growth.


1978 ◽  
Vol 33 (7) ◽  
pp. 701-703 ◽  
Author(s):  
Paul C. Stern
Keyword(s):  

2006 ◽  
pp. 28-41 ◽  
Author(s):  
I. Bashmakov

This article deals with the determination of future oil prices. The approach used is based on the evaluation of purchasing power limits and allows to put the limits to monopolistic price setting. Several important findings are formulated: going beyond the upper thresholds of purchasing power stipulates negative relationship between energy costs and GDP growth rates, and this brings the dynamics to energy demand to price elasticity. This approach is also based on what the author calls the economics of constants and variables, i.e. on the existence of very stable macroeconomic proportions, which may be observed throughout the whole period of statistical observations (over 200 years). It provides grounds for two conclusions. First, the upper limit of energy costs to the gross output ratio is determined by the least acceptable profitability. Second, the theoretical postulate on substantial production factors substitution used in the production functions theory may be incorrect. In reality, the change of the economy technological basis leads to the substitution of low quality production factor by the same factor with a higher quality. Application of this approach brings the basis for predicting oil prices for 2006-2008.


1998 ◽  
Vol 15 (1) ◽  
pp. 1-30
Author(s):  
Sohail Lnayatullah

This article is both a critique of ways of approaching the future and a presentation of scenarios of the Islamic world a generation ahead. The critique covers various global models, including The Club of Rome's classic Limits to Growth (L TG), 1 Mankind at the Turning Point (MTP), and World 2000, and other approaches to the understanding of the future. Drawing from poststructural theory, we ask: What is missing, who does the analysis privilege, and what epistemological frames or ways of knowing are accentuated, are made primary, by the models used? What can the Islamic world learn from these models? We attempt to go a step further than merely asking the Marxist class question of who benefits financially. For us, the issue is deeper. We are concerned with what knowledge frames and (more appropriately, from an Islamic per­spective) what civilizational frames are privileged, are considered more important. An appendix presents recommendations focused on making the Islamic urrunah more future oriented. However, global models are only one way of approaching or under­standing the future. There are other ways of approaching the study of the future from which can be derived specific assertions about issues, trends, and scenarios as to the likely and possible shape of the future. We also inquire into the utility of these models for better understanding the future of the Islamic ummah. We conclude with visions of the future of the ummah ...


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