Towards a new complexity economics for sustainability
Some of the most important and urgent topics requiring economic analysis and policy advice are the problems of climate change and environmental sustainability, and what can be done to alter corporate and individual behaviour to deal with these issues. Neoclassical economists tend to focus on market solutions such as carbon trading, drawing on ideas of perfect rationality of actors and the appropriateness of 'marginal' analysis. To link such policies to the whole range of potential actions, from legislative and regulatory to changing individual behaviours, requires the economy and society to be analysed in its full complexity, recognising that 'marginal' analysis can be not just irrelevant but positively harmful when the need is for systemic shifts in economic and social trajectories. This article draws upon a seminar series on complexity economics to consider how heterodox economic analysis can be brought to bear on the issue of the environment, to develop a realistic policy agenda for change. Copyright , Oxford University Press.
Volume (Year): 37 (2013)
Issue (Month): 1 ()
|Contact details of provider:|| Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK|
Fax: 01865 267 985
Web page: http://www.cje.oupjournals.org/
|Order Information:||Web: http://www.oup.co.uk/journals|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Michael Nye & Lorraine Whitmarsh & Timothy Foxon, 2010.
"Sociopsychological Perspectives on the Active Roles of Domestic Actors in Transition to a Lower Carbon Electricity Economy,"
Environment and Planning A,
SAGE Publishing, vol. 42(3), pages 697-714, March.
- Michael Nye & Lorraine Whitmarsh & Timothy Foxon, 2010. "Sociopsychological perspectives on the active roles of domestic actors in transition to a lower carbon electricity economy," Environment and Planning A, Pion Ltd, London, vol. 42(3), pages 697-714, March.
- Joshua M. Epstein & Robert L. Axtell, 1996. "Growing Artificial Societies: Social Science from the Bottom Up," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262550253, March.
- Jaffe, Adam B. & Newell, Richard G. & Stavins, Robert N., 2005.
"A tale of two market failures: Technology and environmental policy,"
Elsevier, vol. 54(2-3), pages 164-174, August.
- Stavins, Robert & Jaffe, Adam & Newell, Richard, 2004. "A Tale of Two Market Failures: Technology and Environmental Policy," Discussion Papers dp-04-38, Resources For the Future.
- Costanza, Robert, 1989. "What is ecological economics?," Ecological Economics, Elsevier, vol. 1(1), pages 1-7, February.
- Ostrom, Elinor, 2006. "The value-added of laboratory experiments for the study of institutions and common-pool resources," Journal of Economic Behavior & Organization, Elsevier, vol. 61(2), pages 149-163, October.
- Ayres, Robert U. & Warr, Benjamin, 2005. "Accounting for growth: the role of physical work," Structural Change and Economic Dynamics, Elsevier, vol. 16(2), pages 181-209, June.
- Köhler, Jonathan & Whitmarsh, Lorraine & Nykvist, Björn & Schilperoord, Michel & Bergman, Noam & Haxeltine, Alex, 2009. "A transitions model for sustainable mobility," Ecological Economics, Elsevier, vol. 68(12), pages 2985-2995, October.
- John Foster, 2005.
"From simplistic to complex systems in economics,"
Cambridge Journal of Economics,
Oxford University Press, vol. 29(6), pages 873-892, November.
- Rennings, Klaus, 2000. "Redefining innovation -- eco-innovation research and the contribution from ecological economics," Ecological Economics, Elsevier, vol. 32(2), pages 319-332, February.
- Foxon, Timothy J., 2011. "A coevolutionary framework for analysing a transition to a sustainable low carbon economy," Ecological Economics, Elsevier, vol. 70(12), pages 2258-2267.
- Foster, John, 1997. "The analytical foundations of evolutionary economics: From biological analogy to economic self-organization," Structural Change and Economic Dynamics, Elsevier, vol. 8(4), pages 427-451, October.
- Common,Michael & Stagl,Sigrid, 2005. "Ecological Economics," Cambridge Books, Cambridge University Press, number 9780521016704, Junio.
- Paolo Zeppini & Jeroen C. J. M. van den Bergh, 2011. "Competing Recombinant Technologies for Environmental Innovation: Extending Arthur's Model of Lock-In," Industry and Innovation, Taylor & Francis Journals, vol. 18(3), pages 317-334.
- Roger Fouquet, 2010.
"The Slow Search for Solutions: Lessons from Historical Energy Transitions by Sector and Service,"
- Fouquet, Roger, 2010. "The slow search for solutions: Lessons from historical energy transitions by sector and service," Energy Policy, Elsevier, vol. 38(11), pages 6586-6596, November.
- Paolo Zeppini & Jeroen C.J.M. van den Bergh, 2010. "Competing Recombinant Technologies for Environmental Innovation," Tinbergen Institute Discussion Papers 10-107/1, Tinbergen Institute.
- Michael Grubb & David Ulph, 2002. "Energy, the Environment, and Innovation," Oxford Review of Economic Policy, Oxford University Press, vol. 18(1), pages 92-106, Spring.
- Roger Fouquet & Peter J.G. Pearson, 2006. "Seven Centuries of Energy Services: The Price and Use of Light in the United Kingdom (1300-2000)," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 139-178.
- Stefan Baumgärtner & Martin F. Quaas, 2010.
"Sustainability economics – general versus specific, and conceptual versus practical,"
Working Paper Series in Economics
169, University of Lüneburg, Institute of Economics.
- Baumgärtner, Stefan & Quaas, Martin, 2010. "Sustainability economics -- General versus specific, and conceptual versus practical," Ecological Economics, Elsevier, vol. 69(11), pages 2056-2059, September.
- Potts, Jason & Foster, John & Straton, Anna, 2010.
"An entrepreneurial model of economic and environmental co-evolution,"
Elsevier, vol. 70(2), pages 375-383, December.
- Jason Potts & John Foster & Anna Straton, 2010. "An entrepreneurial model of economic and environmental co-evolution," Discussion Papers Series 409, School of Economics, University of Queensland, Australia.
- Maria Cristina Marcuzzo & Annalisa Rosselli, 2011. "Sraffa and his arguments against 'marginism'," Cambridge Journal of Economics, Oxford University Press, vol. 35(1), pages 219-231.
- Unruh, Gregory C., 2000. "Understanding carbon lock-in," Energy Policy, Elsevier, vol. 28(12), pages 817-830, October.
- Jeroen Bergh, 2007.
"Evolutionary thinking in environmental economics,"
Journal of Evolutionary Economics,
Springer, vol. 17(5), pages 521-549, October.
- Common,Michael & Stagl,Sigrid, 2005. "Ecological Economics," Cambridge Books, Cambridge University Press, number 9780521816458, Junio.
- Shu‐Heng Chen & Shu G. Wang, 2011. "Emergent Complexity In Agent‐Based Computational Economics," Journal of Economic Surveys, Wiley Blackwell, vol. 25(3), pages 527-546, 07.
- Beinhocker, Eric D., 2011. "Evolution as computation: integrating self-organization with generalized Darwinism," Journal of Institutional Economics, Cambridge University Press, vol. 7(03), pages 393-423, September.
- Straton, Anna, 2006. "A complex systems approach to the value of ecological resources," Ecological Economics, Elsevier, vol. 56(3), pages 402-411, March.
- Rosser Jr., J. Barkley, 2010. "Is a transdisciplinary perspective on economic complexity possible?," Journal of Economic Behavior & Organization, Elsevier, vol. 75(1), pages 3-11, July.
- Foxon, Timothy J., 2013. "Transition pathways for a UK low carbon electricity future," Energy Policy, Elsevier, vol. 52(C), pages 10-24.
When requesting a correction, please mention this item's handle: RePEc:oup:cambje:v:37:y:2013:i:1:p:187-208. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.