In this paper two basic policy paradigms are distinguished: updated liberalism that is fully aware of the limits to markets and therefore aims at their active regulation, and neo-liberalism that is based on market fundamentalism and aims at privatisation, deregulation and budgetary austerity....

This paper addresses the question whether the features of the post-war process of globalisation are consistent with the social and environmental requirements of sustainable development. To this end the post-war period is articulated in two phases: the Bretton Wood period (1945-1971) and the...

Though the recent process of globalisation of international markets succeeded in sustaining the economic growth of the countries that actively participated in this process, the available empirical evidence suggests that it was accompanied by a world-wide increase of environmental degradation and...

The interplay of epistemic and empiric conditions of human behaviour plays a crucial role in economic causality but it is not satisfactorily analysed by the existing approaches to economic causality, including the most influential of them: Granger causality. In order to find a more satisfactory...

This paper aims to analyze the implications for environmental sustainability of the recent phase of globalization. This phase, here called "new globalization", has been specifically characterized by the spreading of the new economy that has accelerated the globalization of markets, and by the...