Sustainability and Policy: Limits to Economics

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Two of the greatest problems facing the human race today are poverty and the threat to the natural environment. Economic growth is routinely advocated as the solution to poverty, but the natural environment is already threatened by current levels of economic activity. This book examines both economic and ecological approaches to this dilemma, and considers policy issues for industrial economies. It also includes a useful review of recent literature in the area. Michael Common argues that economists rarely address threats to sustainability. He suggests that, while economics cannot offer a blueprint for a sustainable society, the use of economic or price incentives can help achieve social goals and address threats to sustainability. Sustainability and Policy is a valuable contribution to the rapidly emerging fields of environmental economics and policy..

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