Overview

This book asks, how would a stable, prosperous economy of the future look if one started with a blank sheet of paper? Given that the world’s economy is locked into a coevolution with nature, the urgency of this question is brought into stark relief by the 2020 coronavirus pandemic and ongoing climate change. While physical technologies to build such an economy mostly exist, the social technologies, in the form of institutions, governance and policies, do not. The development of these social technologies will necessitate a reconsideration of economic norms: in particular, what is the economy for, and what are we, as actors within it, striving for? This book integrates normative, institutional, political and economic requirements into a systematic framework to drive our present growth economy toward a future planetarian one. It outlines a suite of interrelated policies to increase the economy’s material efficiency, establish a basic living standard, and reform the money system, while along the way eliminating economic debt and balancing government budgets. The framework and policies together form a paradigm of market planetarianism: the idea that the power of markets may be used to steer the economy toward a desired long-term goal. The methodological aspects of this paradigm are covered in the companion volume, Economics of a Crowded Planet.

Full Product Details

Author:   Fraser Murison Smith
Publisher:   Springer Nature Switzerland AG
Imprint:   Springer Nature Switzerland AG
Edition:   1st ed. 2020
Weight:   0.716kg
ISBN:  

9783030492984

ISBN 10:   3030492982
Pages:   520
Publication Date:   28 August 2021
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand  
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Table of Contents

Part I. An Economy on a Crowded Planet 1. The Economy’s Coevolution with Nature 2. Economic Worldviews: Modernity and its Alternatives Part II. Requirements for a Planetary Economy 3. Normative Requirements 4. Institutional Challenges and Legal Institutions 5. Political Institutions 6. Corporate and Financial Institutions 7. Policy Development 8. Requirements for Economic Policies 9. Requirements for Accounting Standards and Practices 10. Money and Finance in a Planetary Economy 11. Monetary and Financial Requirements 12. Economic Controls 1: Principles and Requirements 13. Economic Controls 2: Currency and Fees 14. Economic Controls 3: Taxation 15. Economic Controls 4: Subsidies, Incentives and Market Instruments Part III. How Will We Get There? 16. Pathway Toward a Planetary Economy 17. A Manifesto for Market Planetarianism 18. A Planetarian Society

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Author Information

Fraser Murison Smith is an energy specialist in public utilities, formerly an information systems consultant and award-winning cleantech entrepreneur. After completing a PhD in theoretical ecology at Oxford University, he was a postdoctoral fellow at Stanford University in ecological economics. He has published papers on fisheries, biodiversity and economic development, as well as two books, Environmental Sustainability: Practical Global Implications (1997) and Economics of a Crowded Planet (2019). Murison Smith and his wife, a healthcare technology leader, share their home in Northern California with two wonderful children and a canoe and tent on standby for spontaneous forays into the surrounding mountains, rivers and lakes.

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