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New Economics of Sustainable Development- James Roberston

New Economics of Sustainable Development- James Roberston

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Published by: Eric Britton (World Streets) on Jun 24, 2011
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THE NEW ECONOMICS OF SUSTAINABLEDEVELOPMENT
A BRIEFING FOR POLICY MAKERSA Report for the European Commission
by
James Robertson
Presented to European Commission 1997Initially published by Kogan Page for theEuropean Commission 1999. Now out of print.
ISBN: 0 7494 3093 1
Copyright © James Robertson 2005Passages from the book may be quoted without permission,provided that the source is also quoted.
 
James RobertsonThe Old BakehouseCholseyOXONOX10 9NUEmail: james@jamesrobertson.com Web:www.jamesrobertson.com 
 
The New Economics of Sustainable Development
Contents www.jamesrobertson.com 
i
CONTENTS
 
page
Foreword
iii
 Introduction and Executive Summary
1Purpose of the Briefing 2Some Relevant Facts of Life 3Principles of the New Economics 4The State, the Market and the Citizen 6
Areas of Policy 7
Changes in Taxes and Welfare Benefits 7Public Spending 9Money and Finance 10The Global Economy 11From Growth to Sustainable Development 12Conclusion 13
1. The New Economics
14
 
1.1 Background 141.2 Rise of the New Economics Movement 161.3 Principles 191.4 Some Differences of Emphasis 221.5 The State, the Market and the Citizen 24
2. A Common Pattern
272.1 Farming and Food 272.2 Travel and Transport 302.3 Energy 322.4 Work, Livelihoods and Social Cohesion 342.5 Local Development 352.6 Technology 392.7 Business 412.8 Health, and Law and Order 442.9 A Brief Conclusion 46
3. Taxation and Public Spending
473.1 A Restructured Tax System and a Citizen's Income 473.1 (1) Ecotax Reform 473.1 (2) Site-Value Land Taxation 483.1 (3) Citizen's Income (or Basic Income) 503.1 (4) Taxes and Benefits: The Wider Context 513.1 (5) Avoiding Regressive Effects 523.1 (6) Targeting or Universality? 533.1 (7) Towards a New Social Compact 543.2 Public Expenditure Programmes 563.2 (1) Public Purchasing 563.2 (2) A Framework for the Market 56
 
The New Economics of Sustainable Development
Contents www.jamesrobertson.com 
ii
3.2 (3) Prevention instead of Cure? 583.2 (4) Lower Total Public Spending? 603.3 Summary of Policy Implications 60
4. Money and Finance
624.1 Damaging Effects 634.1.(1) Transfer of Resources from Poor to Rich 634.1.(2) Money Must Grow 644.2 An Emerging Post-Modern Perspective 654.2 (1) What Is Money For? 664.2.(2) Should Money Reflect Objective Values? 664.2 (3) Whose Money System Is It? 674.2 (4) Why Does the System Work Badly? 684.3 Currencies, Interest and Debt 684.3 (1) A Single or Multiple Currency System 684.3 (2) Interest and Currencies 704.3 (3) Electronic Money and Deregulation 724.4 Financial Institutions 724.4 (1) Conventional Financial Institutions 724.4 (2) New Financial Institutions 734.5 Summary of Policy Implications 75
5. The Global Economy
775.1 The Global Context and Europe's Role 775.2 Unilateral National (and European) Policies 795.3 Creating a Global Framework 805.3 (1) Trade 815.3 (2) Finance 835.3 (3) Restructuring Global Institutions 865.4 Short-Term and Long-Term Priorities 885.5 Summary of Policy Implications 89
6. From Growth to Sustainable Development
916.1 Measurement and Accounting 916.2 Beyond Cost/Benefit Analysis 936.3 The Meaning of Economic Efficiency 946.4 Internalise Costs or Pay "Rent"? 956.5 Towards a Cost-Saving Economy? 976.6 New Models in Economics and Science 986.7 Summary of Policy Implications 100
Annex A. Background and Terms of Reference
101
 Annex B.
is not included here. See note on page
 
103.
 Annex C. References and Bibliography
104
The Forward Studies Unit
110

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