When external effects are important, markets will be inefficient, and economists have considered several broad classes of economic instruments to correct these inefficiencies. However, the standard economic analysis has tended to neglect important distinctions and interactions between the...

We are witnessing the spectacular end of a second period of globalization and the return of states in the definition of international order. Within this dynamic of global capitalism, the possibility of an environmental transition or a transition toward an economy of well-being respectful of the...