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Nadal Egea, Alejandro
Rethinking macroeconomics for sustainability / Alejandro Nadal
London ; New York : Zed Books, c2011
book jacket
Location Call Number Status
 3rd Floor  HB172.5 .N326 2011    AVAILABLE
Subject(s) Macroeconomics
Economic policy
Economic development -- Environmental aspects
Sustainable development
Physical Description x, 235 p. : ill. ; 22 cm
Note Includes bibliographical references (p. 214-226) and index
Contents Macroeconomics and the environment -- The macroeconomic policy connection -- Macroeconomic policies and climate change -- The Green Economy Initiative -- Latin American focus -- Guidelines for macroeconomic policy and sustainability -- International macroeconomic reform for sustainability
Summary The world is caught in the deepest financial and economic crisis since the Great Depression. The economic crisis is not the result of what could be called a rare probability event ("a perfect storm"), but rather the unavoidable outcome of an economic paradigm that dominated policy-making since the early eighties, one that has come to view the natural resource base as simply another asset to be exploited. At the same time, we are trapped in a vicious environmental predicament. We are not only threatened by stagnation, deflation, unemployment and poverty. Our world is also menaced by climate change, deforestation, soil erosion, polluted aquifers and a man-made event of mass extinction. Rethinking Macroeconomics of Sustainability explores the relationship between macroeconomic policies and environmental sustainability, arguing that monetary and fiscal policies are as important for environmental stewardship as they are for growth and prosperity-- something that has not been adequately recognized thus far

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