The climate change issue is a policy concern that falls within the broader issue of sustainable development. Sustainable development means different things to different people. Green economists argue that sustainable development involves the adequate provisioning for people everywhere, of other...

For nearly a decade, a small number of economists have been promoting a Job Guarantee to achieve full employment (Mitchell and Watts, 1997; Wray, 1998). As an ecological economist, I have also been a recent supporter of the Job Guarantee on the basis that: (a) the macroeconomics of the Job Guarantee...

For nearly a decade, a small number of economists have been promoting a Job Guarantee to achieve full employment (Mitchell and Watts, 1997; Wray, 1998). As an ecological economist, I have also been a recent supporter of the Job Guarantee on the basis that: (a) the macroeconomics of the Job Guarantee...

Abstract: Despite what mainstream economists preach, currency-issuing central governments have no budget constraint. It is therefore incumbent upon them to use their unique spending and taxing powers to achieve the broader goal of sustainable development. Their failure to do so has meant that...

There has been considerable debate about the independence of the three policy goals of allocative efficiency, distributional equity, and ecological sustainability since Daly's (1992) paper on the subject (Prakash and Gupta, 1994; Daly, 1994; Stewen, 1998; Daly, 1999; Stewen, 1999). I would like to weigh in...

It is generally believed that when a resource becomes increasingly scarce, a shadow is automatically cast in the form of a higher market price. The higher price induces substitution towards more abundant resources and the development of resource-saving technological progress. A growing number of...

There has been considerable debate about the independence of the three policy goals of allocative efficiency, distributional equity, and ecological sustainability since Daly's (1992) paper on the subject (Prakash and Gupta, 1994; Daly, 1994; Stewen, 1998; Daly, 1999; Stewen, 1999). I would like to weigh in...

It is generally believed that when a resource becomes increasingly scarce, a shadow is automatically cast in the form of a higher market price. The higher price induces substitution towards more abundant resources and the development of resource-saving technological progress. A growing number of...