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Greening of CapitalismHow Asia Is Driving the Next Great Transformation$
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John A. Mathews

Print publication date: 2014

Print ISBN-13: 9780804791502

Published to Stanford Scholarship Online: May 2015

DOI: 10.11126/stanford/9780804791502.001.0001

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From Green Economy to Green Economics

From Green Economy to Green Economics

(p.182) 8 From Green Economy to Green Economics
Greening of Capitalism

John A. Mathews

Stanford University Press

Chapter Eight is concerned with the character of the green economy itself – how it could be conceptualized, represented, studied and analyzed. The argument is developed that the best recipe for dealing with climate change, and with all other features of an industrial capitalism that threatens to grow out of control, is to ensure that the markets in which capitalist firms operate are regenerative, and work in alignment with ecological limits. The emergence of a green economy will be systemic, its parts interacting with each other, and it will call for a new Green Economics that is less concerned with linear growth resource throughput (as measured by GDP) and more concerned with the ecological limits to economic activity. The chapter engages with ideas of the steady-state economy and resilience, painting a picture of a green economy as a biomimetic system, modeled on the successful cycles created by life on Earth.

Keywords:   green economics, ecological limits, pareto eco-efficiency, environmentally stable strategies, steady state, increasing returns

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