Creating a Sustainable Economy
An Institutional and Evolutionary Approach to Environmental Policy
Herausgeber: Marletto, Gerardo
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This book brings together leading experts from the fields of evolutionary and ecological economics to demonstrate how a genuinely dynamic and systemic approach to economics is needed to both understand and promote the process of structural change towards sustainability; and to show how such an approach can be founded on institutional and evolutionary economic theories of endogenous change. Evolutionary and institutional economists have long argued that a market-centred and static approach a " precisely because of its analytical limits a " is inappropriate to represent change at a societal level. Actually, all large innovations processes depend on the interaction between endogenous structural variables (rules, beliefs, knowledge, markets, and so forth) and intentional human action. Hence, a dynamic and systemic approach is needed to analyze sustainability as much as any social, physical or natural phenomenon.
This book is designed for those scholars, students, policy-makers - or just curious readers - who are looking for heterodox thinking on the issue of environmental economics and policy. Contributions to this book draw on multiple streams of institutional and evolutionary economics and help build an approach to environmental policy that radically diverges from mainstream prescriptions. Institutions and technologies - and not only markets - are at the heart of a systemic and dynamic analysis of those structural changes which are needed to create a sustainable economy. Actors for change - and their ability to influence politics and policy - are explicitly taken into consideration. These issues are analyzed from different viewpoints by contributors to the book: some focus on behavior and institutions, others analyze the interaction of economic and technological dynamics; some provide sectoral case studies and others have the ambition to provide the reader with an overall picture. But all authors view environmental policy as a combination of actions that can trigger - and make viable - those structural changes which are needed to reach sustainability.
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