Energy, Economic Growth, and Geopolitical Futures


Book Description

Top-drawer scenario builders map a unique array of 'big picture' global outcomes shaped by energy prices, economic growth, and global harmony. Better still, they give the reader tools to build her own scenarios. An essential reference for experts concerned with geopolitical and geoeconomic futures. -- Gary Clyde Hufbauer, Reginald Jones Senior Fellow, Peterson Institute for International Economics The way the authors have integrated the International Futures model into scenario analysis is very instructive and amounts to a useful methodological contribution to the literature on scenario analysis. As an energy economist, I also appreciate that the book adds to the usual energy market forecasting exercises that take economic growth as exogenous to the energy markets and ignore political factors. -- Peter Hartley, Mitchell Professor of Economics and Rice Scholar in Energy Studies at the Baker Institute, Rice University Evan Hillebrand and Stacy Closson have written an interesting and original book in which they analyze several different scenarios for economic growth, energy prices, and international conflict over the next forty years in an engaging and accessible style. I recommend this book to anyone who wishes to understand the range of possible futures. -- James Morrow, Professor of Political Science, University of Michigan




Creating Alternative Futures


Book Description

Henderson explains how GNP distorts the goal of human development, pointing out misleading assumptions and redefines health, wealth, and progress for humanity's long-term survival.




The Economic Function of Futures Markets


Book Description

This book offers an explanation of why commodity processors and dealers use futures markets. It argues that they use futures contracts as part of an implicit method of borrowing and lending commodities, contrary to the accepted view of dealers averse to the fluctuating value of their inventories wanting insurance against price risk. Employing models developed to explain the demand for money, this book demonstrates that risk-neutral dealers have sufficient reason to use futures markets. Moreover, the book exposes major internal inconsistencies in the accepted explanation. Rather than insurance markets, the appropriate analogy is the money market, which is the point the book establishes through discussing actual loan markets in commodities. This insight into the function of futures markets is then used to explain how futures prices for different delivery dates express a term structure of commodity-specific interest rates and why futures markets flourish for some types of commodities and not for others.




Uncertain Futures


Book Description

Uncertain Futures considers how economic actors visualize the future and decide how to act in conditions of radical uncertainty. It starts from the premise that dynamic capitalist economies are characterized by relentless innovation and novelty and hence exhibit an indeterminacy that cannot be reduced to measurable risk. The organizing question then becomes how economic actors form expectations and make decisions despite the uncertainty they face. This edited volume lays the foundations for a new model of economic reasoning by showing how, in conditions of uncertainty, economic actors combine calculation with imaginaries and narratives to form fictional expectations that coordinate action and provide the confidence to act. It draws on groundbreaking research in economic sociology, economics, anthropology, and psychology to present theoretically grounded empirical case studies. These demonstrate how grand narratives, central bank forward guidance, economic forecasts, finance models, business plans, visions of technological futures, and new era stories influence behaviour and become instruments of power in markets and societies. The market impact of shared calculative devices, social narratives, and contingent imaginaries underlines the rationale for a new form of narrative economics.




The Future is Degrowth


Book Description

We need to break free from the capitalist economy. Degrowth gives us the tools to bend its bars. Economic growth isn’t working, and it cannot be made to work. Offering a counter-history of how economic growth emerged in the context of colonialism, fossil-fueled industrialization, and capitalist modernity, The Future Is Degrowth argues that the ideology of growth conceals the rising inequalities and ecological destructions associated with capitalism, and points to desirable alternatives to it. Not only in society at large, but also on the left, we are held captive by the hegemony of growth. Even proposals for emancipatory Green New Deals or postcapitalism base their utopian hopes on the development of productive forces, on redistributing the fruits of economic growth and technological progress. Yet growing evidence shows that continued economic growth cannot be made compatible with sustaining life and is not necessary for a good life for all. This book provides a vision for postcapitalism beyond growth. Building on a vibrant field of research, it discusses the political economy and the politics of a non-growing economy. It charts a path forward through policies that democratise the economy, “now-topias” that create free spaces for experimentation, and counter-hegemonic movements that make it possible to break with the logic of growth. Degrowth perspectives offer a way to step off the treadmill of an alienating, expansionist, and hierarchical system. A handbook and a manifesto, The Future Is Degrowth is a must-read for all interested in charting a way beyond the current crises.




BWB Texts: Economic Futures


Book Description

Get up-to-speed with some of the biggest challenges facing New Zealand with this bundle of high-profile BWB Texts. These four works are combined into one easy-to-read e-book, available direct and DRM-free from our website or from international e-book retailers. Seventy-five years after Labour’s social security reforms of the 1930s, Paul Dalziel and Caroline Saunders argue in Wellbeing Economics it is time for a major shift in New Zealand’s economic perspective. In Growing Apart, Shamubeel Eaqub highlights the changing economic fortunes of people in different parts of New Zealand – the growing gaps between our regions. Max Rashbrooke’s The Inequality Debate provides a succinct introduction to income inequality in New Zealand using the latest data. The meaning of The Piketty Phenomenon for New Zealand is explored by a diverse range of economists and commentators addressing the relevance of Thomas Piketty’s ‘Capital in the Twenty-First Century’. BWB Texts are short books on big subjects by great New Zealand writers. Commissioned as short digital-first works, BWB Texts unlock diverse stories, insights and analysis from the best of our past, present and future New Zealand writing.




Reclaiming Economics for Future Generations


Book Description

Reclaiming economics for future generations argues that to build economies which serve people and the planet we need a diverse and decolonised curriculum. How does the global economy currently fail people and the planet, and why has mainstream economics knowledge inadequately addressed the pressing issues of today?




Sustainable Wellbeing Futures


Book Description

Ecological economics can help create the future that most people want – a future that is prosperous, just, equitable and sustainable. This forward-thinking book lays out an alternative approach that places the sustainable wellbeing of humans and the rest of nature as the overarching goal. Each of the book’s chapters, written by a diverse collection of scholars and practitioners, outlines a research and action agenda for how this future can look and possible actions for its realisation.




New Economies for Sustainability


Book Description

The edited volume New Economies for Sustainability: Limits and Potentials for Possible Futures brings together a range of alternative views on economy and organization to illustrate different perspectives on how to work towards more sustainable solutions to production, consumptions and economic organization more generally. The book brings chapters from the most renowned scholars in the field, who bring their perspectives on how alternative schools theorize politics, society, organization, nature and ethics in their attempts to develop theories with a strong focus on sustainability. The book aims to contribute with a platform for gathering and collecting these theories in a pluralist economic framework, which can provide a strong alternative voice to mainstream economic theories in sustainability debates.




The Work of the Future


Book Description

Why the United States lags behind other industrialized countries in sharing the benefits of innovation with workers and how we can remedy the problem. The United States has too many low-quality, low-wage jobs. Every country has its share, but those in the United States are especially poorly paid and often without benefits. Meanwhile, overall productivity increases steadily and new technology has transformed large parts of the economy, enhancing the skills and paychecks of higher paid knowledge workers. What’s wrong with this picture? Why have so many workers benefited so little from decades of growth? The Work of the Future shows that technology is neither the problem nor the solution. We can build better jobs if we create institutions that leverage technological innovation and also support workers though long cycles of technological transformation. Building on findings from the multiyear MIT Task Force on the Work of the Future, the book argues that we must foster institutional innovations that complement technological change. Skills programs that emphasize work-based and hybrid learning (in person and online), for example, empower workers to become and remain productive in a continuously evolving workplace. Industries fueled by new technology that augments workers can supply good jobs, and federal investment in R&D can help make these industries worker-friendly. We must act to ensure that the labor market of the future offers benefits, opportunity, and a measure of economic security to all.