Economic Theory and Global Warming - Uzawa, Hirofumi
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Short description/annotation
This book provides an economic framework for modeling global warming and addressing its negative effects.
Main description
In this book, Professor Uzawa modifies and extends the theoretical premises of orthodox economic theory to those broad enough to be capable of analyzing the phenomena related to environmental disequilibrium, particularly global warming, and of finding institutional arrangements and policy measures that may bring about a more optimal state where natural and institutional components are harmoniously blended. He constructs a theoretical…mehr

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Produktbeschreibung
Short description/annotation
This book provides an economic framework for modeling global warming and addressing its negative effects.

Main description
In this book, Professor Uzawa modifies and extends the theoretical premises of orthodox economic theory to those broad enough to be capable of analyzing the phenomena related to environmental disequilibrium, particularly global warming, and of finding institutional arrangements and policy measures that may bring about a more optimal state where natural and institutional components are harmoniously blended. He constructs a theoretical framework in which three major problems concerning global environmental issues may effectively addressed. First, all phenomena involved with global environmental issues exhibit externalities of one kind or another. Secondly, global environmental issues involve international and intergenerational equity and justice. Thirdly, global environmental issues concern the management of the atmosphere, the oceans, water, soil, and other natural resources that have to be decided by a consensus of all affected countries.

Table of contents:
1. Global warming and carbon taxes; 2. Pareto-optimality and social optimum; 3. Global warming and tradeable emission permits; 4. Global warming - dynamic analysis; 5. Dynamic optimality and sustainability; 6. Global warming and forests - an alternative approach; 7. Global warming as a cooperative game.
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Autorenporträt
Hirofumi Uzawa is Director of the Research Center of Social Common Capital at Doshisha University and Emeritus Professor of Economics at the University of Tokyo. He has been one of the leading economic theorists for the past four decades. In recent years, he has become well known for applied research in the areas of the economics of pollution, environmental disruption, and global warming. Professor Uzawa is the author of more than twenty books, including Preference, Production, and Capital: Selected Papers of Hirofumi Uzawa (Cambridge University Press, 1988) and Economic Analysis of Social Common Capital (Cambridge University Press, 2005). The government of Japan designated him a Person of Cultural Merit in 1983, and the Emperor of Japan conferred the Order of Culture upon him in 1997.