Understanding Sustainability Economics - Towards Pluralism in Economics (Paperback)

Sustainable development or "sustainability" is a relatively new challenge for societies from the local to the global level. At issue is whether mainstream neoclassical economics can guide us towards sustainability or if there is a need for new thinking in economics. This book by Peter Soderbaum, author of "Ecological Economics," is a critical examination of the failings of mainstream economics and the resultant environmental problems we are facing. Most importantly, it articulates what an economics for sustainability, as an alternative to mainstream economics, would look like in both theory and practice if we are to pursue a truly sustainable future. A main point raised is that fundamental issues such as the theory of science and role of science in society, paradigms in economics, ideological orientations and institutional arrangements need to be critically examined rather than assumed to be given in any serious attempt to come to grips with unsustainable trends. Among its features, the book provides a brief history of economics and looks at the intersection between politics and the often hidden values embedded in economics. Also covered are the roles of individuals and organizations, political structures and institutions and democracy, environmental decision-making, sustainability assessment and a vision of a future underpinned by sustainability economics. The theory is underpinned by case studies, explanatory figures, further reading sections and discussion questions to facilitate debate and learning.The result is a highly readable text that presents a serious critique of the mainstream economics threatening the planet.