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.:
- 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.
- Straton, Anna, 2006. "A complex systems approach to the value of ecological resources," Ecological Economics, Elsevier, vol. 56(3), pages 402-411, March.
- 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.
- Baumgärtner, Stefan & Quaas, Martin, 2010. "Sustainability economics -- General versus specific, and conceptual versus practical," Ecological Economics, Elsevier, vol. 69(11), pages 2056-2059, September.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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, , vol. 42(3), pages 697-714, March.
- Common,Michael & Stagl,Sigrid, 2005. "Ecological Economics," Cambridge Books, Cambridge University Press, number 9780521016704, 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.
- Jeroen Bergh, 2007. "Evolutionary thinking in environmental economics," Journal of Evolutionary Economics, Springer, vol. 17(5), pages 521-549, October.
- Jeroen C.J.M. van den Bergh, 2007. "Evolutionary Thinking in Environmental Economics," Tinbergen Institute Discussion Papers 07-018/3, Tinbergen Institute.
- 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.
- Jaffe, Adam B. & Newell, Richard G. & Stavins, Robert N., 2005. "A tale of two market failures: Technology and environmental policy," Ecological Economics, 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.
- Unruh, Gregory C., 2000. "Understanding carbon lock-in," Energy Policy, Elsevier, vol. 28(12), pages 817-830, October.
- 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.
- Roger Fouquet, 2010. "The Slow Search for Solutions: Lessons from Historical Energy Transitions by Sector and Service," Working Papers 2010-05, BC3.
- 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.
- 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.
- Foxon, Timothy J., 2013. "Transition pathways for a UK low carbon electricity future," Energy Policy, Elsevier, vol. 52(C), pages 10-24.
- John Foster, 2005. "From simplistic to complex systems in economics," Cambridge Journal of Economics, Oxford University Press, vol. 29(6), pages 873-892, November.
- Prof John Foster, 2004. "From Simplistic to Complex Systems in Economics," Discussion Papers Series 335, School of Economics, University of Queensland, Australia.
- Common,Michael & Stagl,Sigrid, 2005. "Ecological Economics," Cambridge Books, Cambridge University Press, number 9780521816458, November.
- Costanza, Robert, 1989. "What is ecological economics?," Ecological Economics, Elsevier, vol. 1(1), pages 1-7, February.
- 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.
- 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.
- 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.
- 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.
- 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, July. Full references (including those not matched with items on IDEAS)
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.