Author: Jon David Erickson
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 394
Book Description
Research on the cutting edge of economics, ecology, and ethics is presented in this timely study. Building from a theoretical critique of the tradition of cost-benefit analysis, the contributors lay the foundation for a macroeconomics of environmental sustainability and distributive justice. Attention is then turned to three of the most critical areas of social and environmental applied research - biodiversity, climate change, and energy. The contributors redefine progress away from growth and toward development. To this end, the first section of the book tackles the dominant framework used in the US today to evaluate tradeoffs between economic growth and its inherent externalities. Succeeding chapters cover a wide variety of studies related to biodiversity health and energy. Each section is anchored with overviews by top scholars in these areas - including Herman Daly, Carl McDaniel, Stephen Schneider, and Nathan Hagens - and followed by detailed analyses reflecting the transdisciplinary approach of ecological economics. Students and scholars of ecological, environmental, and natural resource economics, sustainability sciences, and environmental studies will find this book of great interest. Non-profit and government agencies in search of methods and cases that merge the study of ecology and economics will also find the analyses of great practical value.
Frontiers in Ecological Economic Theory and Application
Author: Jon David Erickson
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 394
Book Description
Research on the cutting edge of economics, ecology, and ethics is presented in this timely study. Building from a theoretical critique of the tradition of cost-benefit analysis, the contributors lay the foundation for a macroeconomics of environmental sustainability and distributive justice. Attention is then turned to three of the most critical areas of social and environmental applied research - biodiversity, climate change, and energy. The contributors redefine progress away from growth and toward development. To this end, the first section of the book tackles the dominant framework used in the US today to evaluate tradeoffs between economic growth and its inherent externalities. Succeeding chapters cover a wide variety of studies related to biodiversity health and energy. Each section is anchored with overviews by top scholars in these areas - including Herman Daly, Carl McDaniel, Stephen Schneider, and Nathan Hagens - and followed by detailed analyses reflecting the transdisciplinary approach of ecological economics. Students and scholars of ecological, environmental, and natural resource economics, sustainability sciences, and environmental studies will find this book of great interest. Non-profit and government agencies in search of methods and cases that merge the study of ecology and economics will also find the analyses of great practical value.
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 394
Book Description
Research on the cutting edge of economics, ecology, and ethics is presented in this timely study. Building from a theoretical critique of the tradition of cost-benefit analysis, the contributors lay the foundation for a macroeconomics of environmental sustainability and distributive justice. Attention is then turned to three of the most critical areas of social and environmental applied research - biodiversity, climate change, and energy. The contributors redefine progress away from growth and toward development. To this end, the first section of the book tackles the dominant framework used in the US today to evaluate tradeoffs between economic growth and its inherent externalities. Succeeding chapters cover a wide variety of studies related to biodiversity health and energy. Each section is anchored with overviews by top scholars in these areas - including Herman Daly, Carl McDaniel, Stephen Schneider, and Nathan Hagens - and followed by detailed analyses reflecting the transdisciplinary approach of ecological economics. Students and scholars of ecological, environmental, and natural resource economics, sustainability sciences, and environmental studies will find this book of great interest. Non-profit and government agencies in search of methods and cases that merge the study of ecology and economics will also find the analyses of great practical value.
Managing Without Growth
Author: Peter A. Victor
Publisher: Edward Elgar Publishing
ISBN: 1848442998
Category : Business & Economics
Languages : en
Pages : 269
Book Description
Managing Without Growth offers a compelling argument for the need for a new policy focus in the rich nations. Peter Victor argues that it is time for our obsession with economic growth to end. A new focus on human well-being must replace our more is better philosophy. Brett Dolter, Briarpatch Magazine Peter Victor clearly presents the arguments as to why already relatively rich countries may have to manage low or no growth in their economies if they wish to address rather than continue contributing to global environmental problems. His modelling suggests that managing without growth need not be the economic disaster that is so often assumed. This is a lucid book that provides an excellent introduction to this important but neglected area. Paul Ekins, King's College London, UK At last, Managing Without Growth, a book that puts economics in its proper place within the real world and points the direction we must go in confronting the ecological crisis of the planet. As an economist, environmental studies professor Peter Victor is eminently qualified for the task. He examines some of our most fundamental assumptions and beliefs about the market, pricing, free trade and growth, prosperity and happiness that too often preclude a serious consideration of the environment and economy. His book couldn t be a more timely and important analysis of the destructive consequences of aspiring to endless growth and downloading the costs onto nature itself. He makes a powerful case for the need to work deliberately towards a steady state economy where the real world of the biosphere should set the limits to our activity. Victor s book should be at the basis for our discussion of these critical issues today. David Suzuki, broadcaster and activist Peter Victor analyses the critical policy question of our time, how to manage our economy equitably and efficiently without growing beyond biophysical limits. He reasons carefully and rigorously, yet pulls no punches in drawing conclusions that some will consider radical. A superb book! Herman E. Daly, University of Maryland, US Overcoming our addiction to economic growth is one of the most important challenges for the 21st century. Peter Victor s masterful summary of the history and fallacies of this particularly pervasive and increasingly dangerous addiction will be a great help in getting over it. A sustainable and desirable future requires clearly differentiating between bigger and better and a recognition that in the overdeveloped West these two have parted ways. Peter Victor s book will help us slow down by design, not disaster, and understand how that slowing down will in fact increase our quality of life. Robert Costanza, The University of Vermont, US Peter Victor s book is a carefully crafted argument for managing without growth . It is not only an up-to-date survey of the latest thinking on energy, climate, and population, it offers practical policy responses to these challenges. This book is a must read for academics and policymakers concerned with environmental integrity and human wellbeing. John Gowdy, Rensselaer Polytechnic Institute, US Peter Victor challenges the priority that rich countries continue to give to economic growth as an over-arching objective of economic policy. The challenge is based on a critical analysis of the literature on environmental and resource limits to growth, on the disconnect between higher incomes and happiness, and on the failure of economic growth to meet other key economic, social and environmental policy objectives. Shortly after World War II, economic growth became the paramount economic policy objective in most countries, a position that it maintains today. This book presents three arguments on why rich countries should turn away from economic growth as the primary policy objective and pursue more specific objectives that enhance wellbeing. The author contends that continued economic growth worldwide is unrealistic due to environmental and
Publisher: Edward Elgar Publishing
ISBN: 1848442998
Category : Business & Economics
Languages : en
Pages : 269
Book Description
Managing Without Growth offers a compelling argument for the need for a new policy focus in the rich nations. Peter Victor argues that it is time for our obsession with economic growth to end. A new focus on human well-being must replace our more is better philosophy. Brett Dolter, Briarpatch Magazine Peter Victor clearly presents the arguments as to why already relatively rich countries may have to manage low or no growth in their economies if they wish to address rather than continue contributing to global environmental problems. His modelling suggests that managing without growth need not be the economic disaster that is so often assumed. This is a lucid book that provides an excellent introduction to this important but neglected area. Paul Ekins, King's College London, UK At last, Managing Without Growth, a book that puts economics in its proper place within the real world and points the direction we must go in confronting the ecological crisis of the planet. As an economist, environmental studies professor Peter Victor is eminently qualified for the task. He examines some of our most fundamental assumptions and beliefs about the market, pricing, free trade and growth, prosperity and happiness that too often preclude a serious consideration of the environment and economy. His book couldn t be a more timely and important analysis of the destructive consequences of aspiring to endless growth and downloading the costs onto nature itself. He makes a powerful case for the need to work deliberately towards a steady state economy where the real world of the biosphere should set the limits to our activity. Victor s book should be at the basis for our discussion of these critical issues today. David Suzuki, broadcaster and activist Peter Victor analyses the critical policy question of our time, how to manage our economy equitably and efficiently without growing beyond biophysical limits. He reasons carefully and rigorously, yet pulls no punches in drawing conclusions that some will consider radical. A superb book! Herman E. Daly, University of Maryland, US Overcoming our addiction to economic growth is one of the most important challenges for the 21st century. Peter Victor s masterful summary of the history and fallacies of this particularly pervasive and increasingly dangerous addiction will be a great help in getting over it. A sustainable and desirable future requires clearly differentiating between bigger and better and a recognition that in the overdeveloped West these two have parted ways. Peter Victor s book will help us slow down by design, not disaster, and understand how that slowing down will in fact increase our quality of life. Robert Costanza, The University of Vermont, US Peter Victor s book is a carefully crafted argument for managing without growth . It is not only an up-to-date survey of the latest thinking on energy, climate, and population, it offers practical policy responses to these challenges. This book is a must read for academics and policymakers concerned with environmental integrity and human wellbeing. John Gowdy, Rensselaer Polytechnic Institute, US Peter Victor challenges the priority that rich countries continue to give to economic growth as an over-arching objective of economic policy. The challenge is based on a critical analysis of the literature on environmental and resource limits to growth, on the disconnect between higher incomes and happiness, and on the failure of economic growth to meet other key economic, social and environmental policy objectives. Shortly after World War II, economic growth became the paramount economic policy objective in most countries, a position that it maintains today. This book presents three arguments on why rich countries should turn away from economic growth as the primary policy objective and pursue more specific objectives that enhance wellbeing. The author contends that continued economic growth worldwide is unrealistic due to environmental and
Environmental Economics
Author: Alfred Endres
Publisher: Cambridge University Press
ISBN: 1107002141
Category : Business & Economics
Languages : en
Pages : 401
Book Description
How can we design environmental policy that achieves ambitious ecological goals without burdening society with excessive costs? How can effective international agreements, for example, on global warming, be designed? This textbook discusses issues such as these in an intelligible manner for students. The book uses little mathematical analysis, relying on verbal and graphical analysis.
Publisher: Cambridge University Press
ISBN: 1107002141
Category : Business & Economics
Languages : en
Pages : 401
Book Description
How can we design environmental policy that achieves ambitious ecological goals without burdening society with excessive costs? How can effective international agreements, for example, on global warming, be designed? This textbook discusses issues such as these in an intelligible manner for students. The book uses little mathematical analysis, relying on verbal and graphical analysis.
Ecology Revisited
Author: Astrid Schwarz
Publisher: Springer Science & Business Media
ISBN: 9048197449
Category : Science
Languages : en
Pages : 435
Book Description
As concerns about humankind’s relationship with the environment move inexorably up the agenda, this volume tells the story of the history of the concept of ecology itself and adds much to the historical and philosophical debate over this multifaceted discipline. The text provides readers with an overview of the theoretical, institutional and historical formation of ecological knowledge. The varied local conditions of early ecology are considered in detail, while epistemological problems that lie on the borders of ecology, such as disunity and complexity, are discussed. The book traces the various phases of the history of the concept of ecology itself, from its 19th century origins and antecedents, through the emergence of the environmental movement in the later 20th century, to the future, and how ecology might be located in the environmental science framework of the 21st century. The study of ‘ecological’ phenomena has never been confined solely to the work of researchers who consider themselves ecologists. It is rather a field of knowledge in which a plurality of practices, concepts and theories are developed. Thus, there exist numerous disciplinary subdivisions and research programmes within the field, the boundaries of which remain blurred. As a consequence, the deliberation to adequately identify the ecological field of knowledge, its epistemic and institutional setting, is still going on. This will be of central importance not only in locating ecology in the frame of 21st century environmental sciences but also for a better understanding of how nature and culture are intertwined in debates about pressing problems, such as climate change, the protection of species diversity, or the management of renewable resources.
Publisher: Springer Science & Business Media
ISBN: 9048197449
Category : Science
Languages : en
Pages : 435
Book Description
As concerns about humankind’s relationship with the environment move inexorably up the agenda, this volume tells the story of the history of the concept of ecology itself and adds much to the historical and philosophical debate over this multifaceted discipline. The text provides readers with an overview of the theoretical, institutional and historical formation of ecological knowledge. The varied local conditions of early ecology are considered in detail, while epistemological problems that lie on the borders of ecology, such as disunity and complexity, are discussed. The book traces the various phases of the history of the concept of ecology itself, from its 19th century origins and antecedents, through the emergence of the environmental movement in the later 20th century, to the future, and how ecology might be located in the environmental science framework of the 21st century. The study of ‘ecological’ phenomena has never been confined solely to the work of researchers who consider themselves ecologists. It is rather a field of knowledge in which a plurality of practices, concepts and theories are developed. Thus, there exist numerous disciplinary subdivisions and research programmes within the field, the boundaries of which remain blurred. As a consequence, the deliberation to adequately identify the ecological field of knowledge, its epistemic and institutional setting, is still going on. This will be of central importance not only in locating ecology in the frame of 21st century environmental sciences but also for a better understanding of how nature and culture are intertwined in debates about pressing problems, such as climate change, the protection of species diversity, or the management of renewable resources.
Carbon Sinks and Climate Change
Author: Colin A. G. Hunt
Publisher: Edward Elgar Publishing
ISBN: 1849802106
Category : Nature
Languages : en
Pages : 251
Book Description
The importance of this book lies in being one of the first comprehensive attempts to summarise major findings in the field of carbon sinks and climate change. . . The book also deals comprehensively with the present and future role of forests in climate change policy and practice. . . This timely book is essential reading for policy decision-makers and foresters alike. Wasantha Athukorala, Economic Analysis and Policy Reforestation and avoiding deforestation are methods of harnessing nature to tackle global warming the greatest challenge facing humankind. In this book, Colin Hunt deals comprehensively with the present and future role of forests in climate change policy and practice. The author provides signposts for the way ahead in climate change policy and offers practical examples of forestry s role in climate change mitigation in both developed and tropical developing countries. Chapters on measuring carbon in plantations, their biodiversity benefits and potential for biofuel production complement the analysis. He also discusses the potential for forestry in climate change policy in the United States and other countries where policies to limit greenhouse gas emissions have been foreshadowed. The author employs scientific and socio-economic analysis and lays bare the complexity of forestry markets. A review of the workings of carbon markets, based both on the Kyoto Protocol and voluntary participation, provides a foundation from which to explore forestry s role. Emphasis is placed on acknowledging how forests idiosyncrasies affect the design of markets for sequestered carbon. The realization of forestry s potential in developed countries depends on the depth of cuts in greenhouse gas emissions, together with in-country rules on forestry. An increase in funding for carbon retention in tropical forests is an immediate imperative, but complexities dictate that the sources of finance will likely be dedicated funds rather than carbon markets. This timely and comprehensive book will be of great value to any reader interested in climate change. Policy-makers within international agencies and governments, academics and students in the fields of geography, economics, science policy, forestry, development studies as well as carbon market participants and forest developers in the private sector will find it especially useful.
Publisher: Edward Elgar Publishing
ISBN: 1849802106
Category : Nature
Languages : en
Pages : 251
Book Description
The importance of this book lies in being one of the first comprehensive attempts to summarise major findings in the field of carbon sinks and climate change. . . The book also deals comprehensively with the present and future role of forests in climate change policy and practice. . . This timely book is essential reading for policy decision-makers and foresters alike. Wasantha Athukorala, Economic Analysis and Policy Reforestation and avoiding deforestation are methods of harnessing nature to tackle global warming the greatest challenge facing humankind. In this book, Colin Hunt deals comprehensively with the present and future role of forests in climate change policy and practice. The author provides signposts for the way ahead in climate change policy and offers practical examples of forestry s role in climate change mitigation in both developed and tropical developing countries. Chapters on measuring carbon in plantations, their biodiversity benefits and potential for biofuel production complement the analysis. He also discusses the potential for forestry in climate change policy in the United States and other countries where policies to limit greenhouse gas emissions have been foreshadowed. The author employs scientific and socio-economic analysis and lays bare the complexity of forestry markets. A review of the workings of carbon markets, based both on the Kyoto Protocol and voluntary participation, provides a foundation from which to explore forestry s role. Emphasis is placed on acknowledging how forests idiosyncrasies affect the design of markets for sequestered carbon. The realization of forestry s potential in developed countries depends on the depth of cuts in greenhouse gas emissions, together with in-country rules on forestry. An increase in funding for carbon retention in tropical forests is an immediate imperative, but complexities dictate that the sources of finance will likely be dedicated funds rather than carbon markets. This timely and comprehensive book will be of great value to any reader interested in climate change. Policy-makers within international agencies and governments, academics and students in the fields of geography, economics, science policy, forestry, development studies as well as carbon market participants and forest developers in the private sector will find it especially useful.
The Progress Illusion
Author: Jon D. Erickson
Publisher: Island Press
ISBN: 1642832537
Category : Business & Economics
Languages : en
Pages : 274
Book Description
We live under the illusion of progress: as long as GDP is going up and prices stay low, we accept poverty and pollution as unfortunate but inevitable byproducts of a successful economy. In fact, the infallibility of the free market and the necessity of endless growth are so ingrained in the public consciousness that they seem like scientific fact. Jon Erickson asks, why? With the planet in peril and humanity in crisis, how did we get duped into believing the fairytale of economics? And how can we get past the illusion to design an economy that is socially just and ecologically balanced? In The Progress Illusion, Erickson charts the rise of the economic worldview and its infiltration into our daily lives as a theory of everything. Drawing on his own experience as a young economist inoculated in the 1980s era of “greed is good,” Erickson shows how pseudoscience came to dominate economic thought. He pokes holes in the conventional wisdom of neo-classical economics, illustrating how flawed theories about financial decision-making and maximizing efficiency ignore human psychology and morality. Most importantly, he demonstrates how that thinking shaped our politics and determined the course of American public policy. The result has been a system that perpetually concentrates wealth in the hands of a few, while depleting the natural resources on which economies are based. While the history of economics is dismal indeed, Erickson is part of a vigorous reform effort grounded in the realities of life on a finite planet. This new brand of economics is both gaining steam in academia and supporting social activism. The goal is people over profit, community over consumption, and resilience over recklessness. Erickson shows crafting a new economic story is the first step toward turning away from endless growth and towards enduring prosperity.
Publisher: Island Press
ISBN: 1642832537
Category : Business & Economics
Languages : en
Pages : 274
Book Description
We live under the illusion of progress: as long as GDP is going up and prices stay low, we accept poverty and pollution as unfortunate but inevitable byproducts of a successful economy. In fact, the infallibility of the free market and the necessity of endless growth are so ingrained in the public consciousness that they seem like scientific fact. Jon Erickson asks, why? With the planet in peril and humanity in crisis, how did we get duped into believing the fairytale of economics? And how can we get past the illusion to design an economy that is socially just and ecologically balanced? In The Progress Illusion, Erickson charts the rise of the economic worldview and its infiltration into our daily lives as a theory of everything. Drawing on his own experience as a young economist inoculated in the 1980s era of “greed is good,” Erickson shows how pseudoscience came to dominate economic thought. He pokes holes in the conventional wisdom of neo-classical economics, illustrating how flawed theories about financial decision-making and maximizing efficiency ignore human psychology and morality. Most importantly, he demonstrates how that thinking shaped our politics and determined the course of American public policy. The result has been a system that perpetually concentrates wealth in the hands of a few, while depleting the natural resources on which economies are based. While the history of economics is dismal indeed, Erickson is part of a vigorous reform effort grounded in the realities of life on a finite planet. This new brand of economics is both gaining steam in academia and supporting social activism. The goal is people over profit, community over consumption, and resilience over recklessness. Erickson shows crafting a new economic story is the first step toward turning away from endless growth and towards enduring prosperity.
The End of Growth
Author: Richard Heinberg
Publisher: New Society Publishers
ISBN: 0865716951
Category : Business & Economics
Languages : en
Pages : 359
Book Description
Citing unchanged recession conditions despite the optimistic projections of leading economists, a cautionary report argues that civilization has reached a fundamental turning point and must implement specific measures to prevent worst-case scenarios. Original. 10,000 first printing.
Publisher: New Society Publishers
ISBN: 0865716951
Category : Business & Economics
Languages : en
Pages : 359
Book Description
Citing unchanged recession conditions despite the optimistic projections of leading economists, a cautionary report argues that civilization has reached a fundamental turning point and must implement specific measures to prevent worst-case scenarios. Original. 10,000 first printing.
Foundations of social ecological economics
Author: Clive L Spash
Publisher: Manchester University Press
ISBN: 1526171473
Category : Business & Economics
Languages : en
Pages : 384
Book Description
This book explores radical dissent from orthodox mainstream economics, and sets out a theoretically grounded vision for the emerging paradigm of social ecological economics. At the heart of this paradigmatic shift lies an acknowledgement of the inextricable embeddedness of economies in biophysical reality and social structure. The struggle for this transformative vision unfolds through a critical examination of mainstream environmental thought, followed by a nuanced evaluation of contributions from Marxists, socialists, critical institutionalists, feminists and Post-Keynesians grappling with the urgent environmental crisis. Synthesising insights from these diverse and heterodox schools, the book navigates the philosophical underpinnings of science, embracing a critical realist approach that challenges not only mainstream economic thought but also eclectic pluralism, relativism and strong constructionism. The question of what constitutes revolutionary science is explored in light of works by Kuhn, Schumpeter and Neurath, emphasising the pivotal role of values and ideology in works from Marx to Gramsci. Building on these radical and philosophical foundations, the book articulates a preanalytic vision of social ecological economics, dismantling entrenched notions of growth and efficiency in favour of a framework centered on social provisioning and needs embedded in ethics. In a thought-provoking conclusion, the book applies its analytical lens to the multiple crises of modernity within industrialised capital-accumulating economies. An agenda for social ecological transformation toward diverse alternative economies emerges, providing a compelling call to action in the face of contemporary challenges.
Publisher: Manchester University Press
ISBN: 1526171473
Category : Business & Economics
Languages : en
Pages : 384
Book Description
This book explores radical dissent from orthodox mainstream economics, and sets out a theoretically grounded vision for the emerging paradigm of social ecological economics. At the heart of this paradigmatic shift lies an acknowledgement of the inextricable embeddedness of economies in biophysical reality and social structure. The struggle for this transformative vision unfolds through a critical examination of mainstream environmental thought, followed by a nuanced evaluation of contributions from Marxists, socialists, critical institutionalists, feminists and Post-Keynesians grappling with the urgent environmental crisis. Synthesising insights from these diverse and heterodox schools, the book navigates the philosophical underpinnings of science, embracing a critical realist approach that challenges not only mainstream economic thought but also eclectic pluralism, relativism and strong constructionism. The question of what constitutes revolutionary science is explored in light of works by Kuhn, Schumpeter and Neurath, emphasising the pivotal role of values and ideology in works from Marx to Gramsci. Building on these radical and philosophical foundations, the book articulates a preanalytic vision of social ecological economics, dismantling entrenched notions of growth and efficiency in favour of a framework centered on social provisioning and needs embedded in ethics. In a thought-provoking conclusion, the book applies its analytical lens to the multiple crises of modernity within industrialised capital-accumulating economies. An agenda for social ecological transformation toward diverse alternative economies emerges, providing a compelling call to action in the face of contemporary challenges.
21st Century Homestead: Sustainable Agriculture I
Author: Marlon Henkel
Publisher: Lulu.com
ISBN: 1312939532
Category : House & Home
Languages : en
Pages : 411
Book Description
21st Century Homestead: Sustainable Agriculture I contains the first part of everything you need to stay up to date on sustainable agriculture.
Publisher: Lulu.com
ISBN: 1312939532
Category : House & Home
Languages : en
Pages : 411
Book Description
21st Century Homestead: Sustainable Agriculture I contains the first part of everything you need to stay up to date on sustainable agriculture.
Frontiers of Development Economics
Author: Gerald M. Meier
Publisher: World Bank Publications
ISBN: 9780195215922
Category : Business & Economics
Languages : en
Pages : 596
Book Description
With contributions from 35 leading economists, this forward-looking book explores the future of development economics against the background of the past half-century of development thought and practice. Outstanding representatives of the past two generations of development economists assess development thinking at the turn of the century and look to the unsettled questions confronting the next generation.The volume offers a thorough analysis of the broad range of issues involved in development economics, and it is especially timely in its critique of what is needed in development theory and policy to reduce poverty. An overriding issue is whether in the future 'development economics' is to be regarded simply as applied economics or whether the nature and scope of development economics will constitute a need for a special development theory to supplement general economic theory.'Frontiers of Development Economics' is an ideal reference for all those working in the international development community.
Publisher: World Bank Publications
ISBN: 9780195215922
Category : Business & Economics
Languages : en
Pages : 596
Book Description
With contributions from 35 leading economists, this forward-looking book explores the future of development economics against the background of the past half-century of development thought and practice. Outstanding representatives of the past two generations of development economists assess development thinking at the turn of the century and look to the unsettled questions confronting the next generation.The volume offers a thorough analysis of the broad range of issues involved in development economics, and it is especially timely in its critique of what is needed in development theory and policy to reduce poverty. An overriding issue is whether in the future 'development economics' is to be regarded simply as applied economics or whether the nature and scope of development economics will constitute a need for a special development theory to supplement general economic theory.'Frontiers of Development Economics' is an ideal reference for all those working in the international development community.