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Book Cover
E-book
Author Mercure, Jean-François

Title Complexity Economics for Environmental Governance
Published New York : Cambridge University Press, 2022

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Description 1 online resource (490 p.)
Series Cambridge Studies on Environment, Energy and Natural Resources Governance Ser
Cambridge Studies on Environment, Energy and Natural Resources Governance Ser
Contents Cover -- Half-title -- Title page -- Copyright information -- Contents -- List of Figures -- List of Tables -- Preface -- Acknowledgements -- Part I The State of Knowledge and Its Use in Environmental Economics -- 1 Introducing Complex Environmental Economics -- 1.1 The Problem of Environmental Governance -- 1.2 Climate Change and Planetary Boundaries -- 1.3 Models of Environmental and Human Processes -- 1.4 Structure of This Book -- 2 Complexity, Heterogeneity and Uncertainty as Basis for Policy Analysis -- 2.1 Agent Diversity, Uncertainty and Complexity
2.2 Four Key Policy Areas of High Uncertainty -- 2.3 Practical Relevance of the Paradigm Shift: Applications to Four Climate Policy Issues -- 2.4 Conclusion: A World of New Possibilities for Sustainability Policy-Making -- 3 Modelling Innovation and the Macroeconomics of Low-CarbonTransitions: Equilibrium and Non-equilibrium Paradigms -- 3.1 Introduction -- 3.2 Innovation in Economic Theory and Models -- 3.3 The Role of Money and Finance in Current Macro-models -- 3.4 Implications of Model Choice for Climate-Related Policy-Making and Macroeconomic Impacts -- 3.5 Discussion and Policy Implications
4 Philosophies of Science and the Policy Cycle -- 4.1 Introduction -- 4.2 The Policy Cycle -- 4.3 The Philosophy of Science in Economics -- 4.4 Political Philosophy in Law and Economics -- 4.5 Empirical Building Blocks for a Complexity Theory of Economics -- 4.6 Conclusion and Ways Forward -- Part II A Positive Theory for Complexity Economics -- 5 Concepts of Complexity for Economics -- 5.1 Introduction to Complexity Science -- 5.2 Properties of Interacting Systems -- 5.3 Scale-Free Networks -- 5.4 Self-Organised Criticality to Explain Evolution
5.5 Conclusion: Complexity Matters for Environmental Governance -- 6 Fundamental Uncertainty -- 6.1 Introduction -- 6.2 What Is Uncertainty? -- 6.3 Decision-Making as a Source of Fundamental Uncertainty -- 6.4 Complexity as a Source of Fundamental Uncertainty -- 6.5 Conclusion and Outwards Look -- 7 Micro-foundations for Consumer Theory -- 7.1 Introduction -- 7.2 Review of Equilibrium Consumer Theory -- 7.3 A General Theory for Interacting Consumers in Economics -- 7.4 The Supply of New Products: Business, Innovation and Diffusion -- 7.5 Conclusions -- 7.6 Mathematical Appendices
8 Micro-foundations for an Economic Theory of Innovation -- 8.1 Introduction: Innovation as a Complex System -- 8.2 Schumpeter and the Economics of Innovation -- 8.3 Innovation Theory -- 8.4 Micro-foundations for a Theory of Innovation -- 8.5 Conclusion -- 8.6 Mathematical Appendix -- 9 Empirical Foundations for the Nature of Money -- 9.1 The Schism over Money -- 9.2 The Nature of Money in Anthropology -- 9.3 Money as an Unstable Scale-Free Network -- 9.4 A Complexity Model for Inflation and the Financial Instability
Summary This book redesigns environmental governance for a sustainability transition, helping academics and decision-makers truly understand the socio-economic impacts of policy
Notes Description based upon print version of record
9.5 Conclusion: Implications for a New Understanding of Macroeconomics as a Complex Network
Form Electronic book
ISBN 9781108616898
1108616895