Income Distribution and Environmental Sustainability

A Sraffian Approach

Business & Finance, Economics, Economic History
Cover of the book Income Distribution and Environmental Sustainability by Robin Hahnel, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Robin Hahnel ISBN: 9781315390222
Publisher: Taylor and Francis Publication: December 1, 2016
Imprint: Routledge Language: English
Author: Robin Hahnel
ISBN: 9781315390222
Publisher: Taylor and Francis
Publication: December 1, 2016
Imprint: Routledge
Language: English

Any economics that does not deal forthrightly with economic inequality is no longer suitable for the twenty-first century. Similarly, any economics which does not provide a coherent way to integrate environmental sustainability into economic analysis will fail to command allegiance in the century ahead. This book demonstrates how the Sraffian framework provides important advantages in both areas.

Divided into three chapters, Income Distribution and Environmental Sustainability provides a rigorous exposition of Sraffian theory emphasizing what it means for the economy to be productive, extends Sraffian theory to address environmental sustainability, and adds a normative theory of income distribution to Sraffa’s positive theory. In Chapter 1, a rigorous version of the basic Sraffa model is presented which focuses on what it means for the economy to be capable of producing a physical surplus, explains the origin of profits, and shows how to measure changes in overall labor productivity resulting from any technical change. In Chapter 2, the basic model is extended to incorporate primary inputs from the natural environment, rigorously measure changes in environmental throughput efficiency, and establish sufficient conditions for environmental sustainability. In Chapter 3, an explicit "normative" theory of economic justice is elaborated which is a natural extension of Sraffa’s "positive" theory of income determination and consistent with modern egalitarian literature on distributive justice.

This book is of interest to academics and students who study political economy, economic theory, and philosophy, as well as those interested in the work of Piero Sraffa.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Any economics that does not deal forthrightly with economic inequality is no longer suitable for the twenty-first century. Similarly, any economics which does not provide a coherent way to integrate environmental sustainability into economic analysis will fail to command allegiance in the century ahead. This book demonstrates how the Sraffian framework provides important advantages in both areas.

Divided into three chapters, Income Distribution and Environmental Sustainability provides a rigorous exposition of Sraffian theory emphasizing what it means for the economy to be productive, extends Sraffian theory to address environmental sustainability, and adds a normative theory of income distribution to Sraffa’s positive theory. In Chapter 1, a rigorous version of the basic Sraffa model is presented which focuses on what it means for the economy to be capable of producing a physical surplus, explains the origin of profits, and shows how to measure changes in overall labor productivity resulting from any technical change. In Chapter 2, the basic model is extended to incorporate primary inputs from the natural environment, rigorously measure changes in environmental throughput efficiency, and establish sufficient conditions for environmental sustainability. In Chapter 3, an explicit "normative" theory of economic justice is elaborated which is a natural extension of Sraffa’s "positive" theory of income determination and consistent with modern egalitarian literature on distributive justice.

This book is of interest to academics and students who study political economy, economic theory, and philosophy, as well as those interested in the work of Piero Sraffa.

More books from Taylor and Francis

Cover of the book Historical Sketch of the Cherokee by Robin Hahnel
Cover of the book Motherhood and Work in Contemporary Japan by Robin Hahnel
Cover of the book Competition and the Corporate Society by Robin Hahnel
Cover of the book New Media by Robin Hahnel
Cover of the book The Etchings of Wilfred Fairclough by Robin Hahnel
Cover of the book A Guide for Newspaper Stringers by Robin Hahnel
Cover of the book Embodied Encounters by Robin Hahnel
Cover of the book Inclusive Design by Robin Hahnel
Cover of the book Transnational Crime by Robin Hahnel
Cover of the book Social Capital and Associations in European Democracies by Robin Hahnel
Cover of the book Contemporary Consumption Rituals by Robin Hahnel
Cover of the book Researching Non-Heterosexual Sexualities by Robin Hahnel
Cover of the book International Law Documents Relating To Terrorism by Robin Hahnel
Cover of the book Innovation Management in Robot Society by Robin Hahnel
Cover of the book Japanese Language Teaching in the Nineties by Robin Hahnel
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy