On Natural Capital
From the man that the New York Times calls "the most important person you've never heard of," renowned Cambridge University economist Sir Partha Dasgupta, comes a paradigm shifting treatise, asking a simple yet profound question--what if we put a value on nature, just as we put a value on everything else? For just about everything of value in life, there is an economic model. If it matters to us, we have found a way to put a dollar amount on it--to quantify its importance in our lives and society. These models and metrics tell us that our economies are healthy because they are growing. And yet for as long as they have existed, our economic models have served us an incomplete picture; they fail to account for the fact that our growth is driven by a resource that we take for free and treat as infinite: nature. Indeed, for centuries we have been using nature as if it were limitless, but more than ever, we are recognizing that our demands on the natural world are unsustainable. In On Natural Capital, award-winning Cambridge University economist Sir Partha Dasgupta lays out a seminal new approach to economics that asks, what if we were to put a value on nature just as we value everything else? Rooted in mankind's struggle against climate change, Dasgupta's approach examines the existential need to rethink our relationship to nature and see its preservation as an economic imperative. Challenging much of economic thought that has come before, Dasgupta presents an urgent call to transform the focus and structures of global economics with a profound new model--one so radical that only an economist of his stature could make the world take it seriously. On Natural Capital is a bold and groundbreaking book that could, truly, change everything.
Long-Run Convergence in Greenhouse Gases, Reactive Compounds, Aerosol Precursors and Aerosols
This book examines the presence of stochastic and deterministic convergence in ten series of greenhouse gases, aerosol precursors, and aerosols across 29 industrialized and emerging countries from 1820 to 2018. The author utilizes the Panel Analysis of Nonstationarity in Idiosyncratic and Common Components (PANIC) method for the empirical exercise. The analysis reveals strong evidence of stochastic convergence patterns in the series of log per capita emissions for black carbon, carbon monoxide, ammonia, non-methane volatile organic compounds, and nitrogen oxides, demonstrated by the existence of pairwise cointegration among individual series. Regarding deterministic convergence, the book provides compelling evidence of convergence in per capita emissions for black carbon, carbon monoxide, ammonia, non-methane volatile organic compounds, nitrogen oxides, and sulfur dioxide. There is also moderate evidence of convergence in per capita emissions for carbon dioxide, nitrous oxide, and organic carbon, and weaker evidence for methane emissions. The findings have significant implications for environmental policy, particularly in light of the observed deterministic convergence in emissions.
Unto This Last, and Other Essays on Political Economy
Issues and Challenges of Development
This book presents a balanced and accessible introduction to the core issues and challenges of development. It covers the key aspects of development in contemporary times-its relationship with agriculture, industrialization and services, sustainable and inclusive development, issues of marginalization and women empowerment.