This groundbreaking book takes a fresh look at how environmental problems emerge from economic activity and how they may be addressed in a responsible and sustainable manner. At its centre is the concept of joint production. This captures the phenomenon whereby several effects necessarily emerge from one activity and whereby human action always entails unintended consequences. This, according to the authors, is the structural cause behind modern-day environmental problems.
Combining concepts and methods from philosophy of science, systems theory, thermodynamics, economics and ethics in a truly interdisciplinary manner, the authors convincingly argue that the joint-production perspective has fundamental and far-reaching implications for the valuation of economic goods, the dynamic analysis of economy-environment interactions, and the accumulation of stocks in ecological-economic systems. Complementing the joint-production perspective with the ethical notion of responsibility, the authors develop principles of sustainable environmental policy, and give philosophical support to the precautionary principle. Four extensive case studies illustrate and deepen the approach.
With a wide range of analysis and case studies, this book will be of great interest to researchers and students in ecological economics, environmental and resource economics, environmental policy and regulation, environmental valuation, as well as environmental ethics and responsibility.
Stefan Baumgartner, Professor of Environmental Economics and Resource Management Albert-Ludwigs-University of Freiburg, Germany, Malte Faber, Professor Emeritus of Economics, University of Heidelberg, Germany and Johannes Schiller, Senior Researcher, UFZ Centre for Environmental Research Leipzig-Halle, Germany
Contents: Preface 1. Introduction: Joint Production and Ecological Economics with Harald Dyckhoff and John Proops PART I: CONCEPTUAL FOUNDATIONS 2. Conceptualising Joint Production 3. Thermodynamics of Joint Production with John Proops and Jakob de Swaan Arons 4. Joint Production, Stocks, and Dynamics 5. Joint Production and the Dynamics of Environmental Problems PART II: ECONOMICS 6. Joint Production in the History of Economic Thought 7. Joint Production and the Philosophy of Economics 8. Ambivalence of Joint Outputs 9. The Investment Decision under Joint Production with John Proops 10. Structural Change under Joint Production with Ralph Winkler PART III: ETHICS 11. The Concept of Responsibility with Thomas Petersen 12. Joint Production, Knowledge, and Responsibility with Thomas Petersen 13. Individual and Collective Responsibility with Thomas Petersen 14. Responsibility in Politics and in the Economy with Thomas Petersen PART IV: CASE STUDIES 15.Waste Paper: Price Ambivalence with Ralph Winkler 16. Chlorine: Innovation and Industrial Evolution with Frank Jost and Georg Muller-Furstenberger 17. Cement: Stock Dynamics and Complexity with Eva Kiesele 18. Sulphuric Acid: Joint Externalities with Frank Jost and Georg Muller-Furstenberger 19. Conclusions and Perspectives References Index