This textbook offers a rigorous, calculus based presentation of the complexities of urban economics, which is suitable for students who are new to the subject. It focuses on structural details and explains the elements that make cities such highly productive entities, and also explores explores the mechanisms of labour productivity enhancement that are unique to cities. Written with a focus on location theory, key topics include: How cities are arranged; Housing prices; Urban transportation; Why some cities grow rapidly whilst others decline; How wages adjust to local costs of living; How suburbs function in relationship to the urban core; Public finance. This book will be essential reading for Urban Economics courses at both undergraduate and postgraduate level.
This clear and concise Advanced Introduction to National Accounting explores the post-1960 modernization of national accounting. John M. Hartwick offers insights into the arrival of Total Factor Productivity (TFP) and user cost, highlighting the importance of Tornqvist index numbers and translog production, cost and utility functions in its modernization.
Resource Economics engages students and practitioners in natural resource and environmental issues from both local and global standpoints. The fourth edition of this approachable but rigorous text provides a new focus on risk and uncertainty as well as new applications that address the effect of new energy technologies on scarcity and climate change mitigation and adaptation, while preserving and systematically updating the approach and key features that drew many thousands of readers to the first three editions.
Before the late 1980s, when the ideas of sustainability and sustainable development to the forefront of public debate, conventional, neo-classical economic thinking about development and growth had rarely given any consideration to the needs of future generations, or the sustainability of natural resource use. Defining sustainability broadly as intergenerational fairness in the long-term decision making of a whole society, and using established economic concepts, this selection of refereed journal articles brings a famously ill-defined concept into sharp focus, providing academics at all levels with a formidable research tool. Spanning thirty years of the most important philosophical, theoretical and empirical contributions from both critics and defenders of neo-classical assumptions and methods of economic analysis, this focused collection of papers constitutes a unique, balanced resource on the full range of intellectual debates surrounding the economics of sustainability.
Human-generated greenhouse gas emissions imperil a global resource: a biosphere capable of supporting life as we know it. What is the fair way to share this scarce resource across present and future generations, and across regions of the world? This study offers a new perspective based on the guiding ethics of sustainability and egalitarianism. Sustainability is understood as a pattern of economic activity over time that sustains a given rate of growth of human welfare indefinitely. To achieve this, the atmospheric concentration of carbon must be capped at some level not much higher than exists today, and investments in education and research should be higher than they currently are. International cooperation between developing and developed nations is also vital, because economic growth and the climate problem are intertwined. The authors propose that the guiding principle of bargaining should be that the dates at which developing countries’ living standards catch up with those of developed countries should not be altered by the agreement. They conclude that developed economies would have to agree not to exceed 1 percent growth in per capita GDP annually, while developing nations should grow at a faster rate, but still lower than current projections, until they converge. The authors acknowledge that achieving such a dramatic slowdown would carry political and economic challenges.
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