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In mankind’s relentless quest for prosperity, Nature has suffered great damage. It has been treated as an inexhaustible reserve of resources. The indefinite scale of global expansion is still continuing and now the earth’s very survival is under threat. But against this exploitation of nature, there is the concept of entropy, which places a finite limit on the extent to which resources can be used in any closed system, such as our planet. Considering the impact of entropy, this book examines the key issues of sustainability—social, economic, and environmental. It discusses the social dimension of sustainability, showing how it is impacted by issues of economic inequality, poverty, and other socio-economic and infrastructural factors in the Indian context. It also highlights how Indian households suffer from clean energy poverty and points to the inequality in distribution of different fuels and of fuel cost among households. It assesses India’s power sector and its potential to be a significant player in bringing the Third Industrial Revolution to India by replacing fossil fuels with new renewables. It concludes by projecting power sector scenarios till 2041–42 achievable through alternative, realizable policy with respect to energy conservation and fuel substitution, and thus paves the way for the green power.
The book is a collection of analyses on country-specific and universal efforts, programmes and projects from Africa and beyond, aimed at realising the Sustainable Development Goals (SDGs). Specifically, the chapters focus on the achievements and challenges that can potentially aid countries of the world and the United Nations in achieving the 17 SDGs. The chapters focus more on the challenges, prospects and concrete steps taken in the Global South towards the attainment of these goals.
The Caravan is India’s most respected and admired magazine on politics, art and culture. With a strong literary flair, the magazine presents the best of reportage and commentary on politics, policy, economy, art and culture from within South Asia. It has become an essential read for anyone interested in understanding the political and social environment of the country.
This book focuses on the economic challenges India has been facing since its independence in 1947. It traces the country’s journey of economic transition and critically analyzes themes such as the political economy of development, agriculture, macroeconomy, industry and labor, money and finance, trade liberalization, gender, welfare, energy, and the environment. The volume also addresses the issues of increasing income inequality, mass unemployment, and environmental degradation and suggests policies for efficient and desirable outcomes in socio-economic development. This is an important and timely contribution that it will be of interest to scholars and researchers in economics, development studies, political economy, management studies, public policy, and political studies. It will also be useful to policymakers.
It is now widely recognised that rising inequality of income and wealth on the one hand and a slowdown in the rate of economic growth on the other are two of the most important challenges faced today by the global economy as well as by most of the developing economies. This book starts by explaining how these two issues are interrelated. There is no dearth of books on the role that the economic policies of the government can play in meeting these twin challenges. The role of business managers in the private sector of the economy, however, is a relatively neglected area. This book seeks to close this gap in the literature. The central message of the book is that, contrary to popular belief, it is in the interests of private business itself that business managers take into account the effects that their decisions have on the economy as a whole. It is shown that a failure to do so would hurt their own economic prospects in both the short run and the long. Emphasis is given on the importance of an appropriate orientation of managerial decisions and on the role of investors (i.e. the suppliers of capital) in inducing managers to take socially optimal decisions. The book is addressed as much to business managers and students in management courses as to the general reader. Therefore, no prior knowledge of advanced economic theory is presumed. All arguments are built from first principles.
A New York Times–bestselling account of the next great economic era, with a look into the individuals pioneering its implementation around the world. One of the most influential social thinkers of our time reveals how Internet technology and renewable energy are merging to create the new jobs of the twenty-first century and change the world. In The Third Industrial Revolution, Jeremy Rifkin takes us on a journey into a new economic era where hundred of millions of people produce their own green energy in their homes, businesses, and factories and share it with each other on an “energy Internet.” Rifkin’s Third Industrial Revolution vision has been taken up by the European Union and China and endorsed by the United Nations. In this book, the author goes behind the scenes to meet the heads of state, global CEOs, social entrepreneurs, and NGO leaders who are pioneering the new economic paradigm. Praise for The Third Industrial Revolution “Jeremy Rifkin argues that green energy and the internet will revolutionize society and the environment . . . With the European Union already on board, this is a big idea with backbone.” —Nature “Impeccably argued . . . a compelling and cogent argument to overhaul our society and economy in favor of a distributed and collaborative model.” —Publishers Weekly
The Next Economics focuses on how the field of economics must change and incorporate environment, energy, health and new technologies that are called externalities for stopping and reversing climate change. The field of economics needs to become a science. Economics in this book for the Green Industrial Revolution which goes beyond the third industrial revolution since it covers cases, examples and specific economic analyses that both scientific and global. The book concerns climate change and how the Economics for Externalities, needs to range from energy and national security to infrastructure and communities. Solutions and cases of the “Next Economics” are based in western philosophical economic paradigms and how that is changing due to the significance of current global economic and societal concerns. Finally practical applications for economics are explored using global environmental and energy issues. Areas that need a fresh look at and be integrated with economics, include the environment, social and political issues, energy, health climate change and their infrastructures, as they are major components of the macroeconomics for the future. Based on past economic models, these subjects have been lost or ill fitted into modern economic theory. The challenge is to explore and to look deeply into economics in order to provide it a new direction with the possibility for understanding, changing and saving the planet from climate change. This book presents to economists and policy-makers alike areas of environmental economics, energy policy, health and social issues which are needed to stop and reverse climate change.
In short, Putterman connects the field of economics with other important spheres of life, building bridges of understanding that are too often absent in the study of economics.".
Following the success of the first edition, this fully updated and revised book continues to provide an interdisciplinary introduction to sustainability issues in the context of chemistry and chemical technology. Its prime objective is to equip young chemists (and others) to more fully to appreciate, defend and promote the role that chemistry and its practitioners play in moving towards a society better able to control, manage and ameliorate its impact on the ecosphere. To do this, it is necessary to set the ideas, concepts, achievements and challenges of chemistry and its application in the context of its environmental impact, past, present and future, and of the changes needed to bring about a more sustainable yet equitable world. Progress since 2010 is reflected by the inclusion of the latest research and thinking, selected and discussed to put the advances concisely in a much wider setting – historic, scientific, technological, intellectual and societal. The treatment also examines the complexities and additional challenges arising from public and media attitudes to science and technology and associated controversies and from the difficulties in reconciling environmental protection and global development. While the book stresses the central importance of rigour in the collection and treatment of evidence and reason in decision-making, to ensure that it meets the needs of an extensive community of students, it is broad in scope, rather than deep. It is, therefore, appropriate for a wide audience, including all practising scientists and technologists.
Nothing happens in the world without energy conversion and entropy production. These fundamental natural laws are familiar to most of us when applied to the evolution of stars, biological processes, or the working of an internal combustion engine, but what about industrial economies and wealth production, or their constant companion, pollution? Does economics conform to the First and the Second Law of Thermodynamics? In this important book, Reiner Kümmel takes us on a fascinating tour of these laws and their influence on natural, technological, and social evolution. Analyzing economic growth in Germany, Japan, and the United States in light of technological constraints on capital, labor, and energy, Professor Kümmel upends conventional economic wisdom by showing that the productive power of energy far outweighs its small share of costs, while for labor just the opposite is true. Wealth creation by energy conversion is accompanied and limited by polluting emissions that are coupled to entropy production. These facts constitute the Second Law of Economics. They take on unprecedented importance in a world that is facing peak oil, debt-driven economic turmoil, and threats from pollution and climate change. They complement the First Law of Economics: Wealth is allocated on markets, and the legal framework determines the outcome. By applying the First and Second Law we understand the true origins of wealth production, the issues that imperil the goal of sustainable development, and the technological options that are compatible both with this goal and with natural laws. The critical role of energy and entropy in the productive sectors of the economy must be realized if we are to create a road map that avoids a Dark Age of shrinking natural resources, environmental degradation, and increasing social tensions.