"Is neo-classical economics compatible with the core concepts of sustainability?"

| June 8, 2014

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“Is neo-classical economics compatible with the core concepts of sustainability?”
When answering the question students need to ensure they provide both
a) a clear definition of sustainability and
b) a brief characterisation of orthodox economics.
Points need to be argued concisely and ought to be evidence-based.
In other words, it would be insufficient to argue, for example, that neoclassicism favours economic growth and is thus incompatible with the key principles of sustainability?
Instead, need to explore in more detail the relationship between sustainability and economic growth and be nuanced in their argumentation before possibly reaching such a conclusion. Given the word limit, writing needs to be concise.
This essay will be assessed on:
• their level of understanding of economics and sustainability; • the depth of the analysis presented;
• the clarity and structure of the essay;
• the quality of the written work; and
• the use of appropriate referencing and quality of sources.
THE 825 WORDS MUST BE EXCLUDE REFERENCE
USE HALF OR MORE THE REFERENCE THAT HAVE BEEN GIVEN AND ADD MORE WITH A DEEPTH RESEARCH.
1) Daly, H.E. 2007. Ecological economics and sustainable development, selected essays of Herman
Daly. Cheltenham: Edward Elgar Publishing.
2) Ikerd, J. 2012. The essentials of economic sustainability. Sterling: Kumarian Press.
3) Jackson, T. 2009. Prosperity without growth: Economics for a finite planet. London:
Earthscan.
4) Morgan, T. 2013. Perfect storm: Energy, finance and the end of growth. London: Tullett Prebon.
5) Quiggin, J. 2010. Zombie economics: How dead ideas still walk among us. Princeton: Princeton
University Press.
6) Alvey, J. 1999. “A short history of economics as a moral science.” Journal of Markets and Morality 2(1): 53-73.
7) Hamilton, C. 1994. “The economic way of thinking.” In The mystic economist, (pp. 13- 51). ACT: Willow Park Press.
8) Söderbaum, P. 2008. “Economics for sustainability.” In Understanding sustainability economics: Towards pluralism in economics, (pp. 1-10). London: Earthscan.
9) Lynne Kiesling: History of economic thought (https://vimeo.com/channels/lkhistoryeconomicthought/page:2)
10) Alcorn, S. and Solarz, B. 2006. “The autistic economist.” Post-Autistic Economics Review 38: 13-19.
11) Farley, H.M. and Smith, Z.A. 2014. “A brief history. The early debates that shaped sustainability.” In Sustainability. If it’s everything, is it nothing? (13-30). London: Routledge.
12) Daly, H.E. 2005. “Economics in a full world.” Scientific American. September: 100- 107.
13) Tietenberg, T. 2007. “Valuing the environment: Concepts.” In Environmental economics and policy. (5th ed.) (13-30). Pearson Addison Wesley: Boston.
14) Jeffrey Sachs: The Age of Sustainable Development (https://www.youtube.com/watch?v=ksZaAqRA5qg)
15) Renegade Economist: The Four Horsemen (https://www.youtube.com/watch?v=5fbvquHSPJ
16) Jacobs, M. 2012. Green growth: Economic theory and political discourse. Centre for Climate Change Economics and Policy. Working Paper No. 108. London: CCCEP.
17) Lubin, D., and Esty, D. 2010. “The sustainability imperative.” Harvard Business
Review May: 2-9.
18) Paton, J. 2008. “What’s left of sustainable development?” Journal of Australian Political Economy 62 (December): 94-119.
19) Young, W., and Tilley, F. 2006. “Can businesses move beyond efficiency? The shift toward effectiveness and equity in the corporate sustainability debate.” Business Strategy and the Environment 15 (6): 402-415.
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