Description
Book SynopsisEvery society aspires to be prosperous. It also endeavors to minimize the side effects of economic growth. This book entitled The Economics of Optimal Growth Pathways addresses numerous trade-offs faced by society to achieve prosperity and explores the best possible growth pathways. The theories explored in this book serve as a springboard to better understand key challenges and aspects of the economy, including food security, land use, forest and resource management, capital markets and interest rates, oil and gas extraction, fish and marine resources, saving and investment, and climate change.
This book elucidates the concept of optimal economic growth pathways while addressing the challenges faced in natural resources and life on the planet. It will be relevant to students and researchers interested in resource and environmental economics.
Table of ContentsChapter 1 An Introduction to the Economics of Optimal Growth PathwaysChapter 2 Ricardo’s RentChapter 3 Von Thunen’s Spatial Land Use: Grasslands and CitiesChapter 4 Faustmann’s Forest Harvest RotationChapter 5 Hotelling’s Fossil Fuel EconomicsChapter 6 Fisheries Bioeconomics under Open AccessChapter 7 Irving Fisher’s Capital and InterestChapter 8 Frank Ramsey’s Optimal SavingsChapter 9 Robert Solow’s Modern Economic GrowthChapter 10 Tjalling Koopmans’s Optimal Economic GrowthChapter 11 William Nordhaus’s Optimal Carbon Tax TrajectoryChapter 12 The Economics of Optimal Growth Pathways with Managing Natural ResourcesChapter 13 Tendencies for Sub-optimal or Post-growth Pathways
