Coverart for item
The Resource Macroeconomics in Ecological Context

Macroeconomics in Ecological Context

Label
Macroeconomics in Ecological Context
Title
Macroeconomics in Ecological Context
Creator
Subject
Language
eng
Member of
Cataloging source
MiAaPQ
Literary form
non fiction
Nature of contents
dictionaries
Series statement
Studies in Ecological Economics
Series volume
v.5
Macroeconomics in Ecological Context
Label
Macroeconomics in Ecological Context
Link
http://libproxy.rpi.edu/login?url=https://ebookcentral.proquest.com/lib/rpi/detail.action?docID=4803570
Publication
Copyright
Related Contributor
Related Location
Related Agents
Related Authorities
Related Subjects
Related Items
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Preface -- Acknowledgments -- Reference -- Contents -- Acronyms -- Part I Building Blocks -- 1 The Economy in the World -- 1.1 The History of Pasta -- 1.2 The Economic Perspective -- 1.3 Macroeconomics vs. Microeconomics -- 1.4 What Is an Economy For? -- 1.5 What Economics Actually Measures -- 1.6 A Look Ahead -- Problems -- References -- 2 Resources and Economic Processes -- 2.1 Ecosystems and Resource Use -- 2.2 Gradients -- 2.3 Renewable vs. Exhaustible Resources -- 2.4 Major Types of Renewable Resources -- 2.5 The Rational Use of Exhaustible Resources -- 2.6 Technology and Resource Use -- Problems -- References -- 3 Key Variables -- 3.1 GDP -- 3.1.1 Don't Double-Count -- 3.1.2 GDP, Value Added, and Resources -- 3.1.3 What GDP Isn't -- 3.2 Resource Use -- 3.2.1 Aggregate Energy Use -- 3.2.2 Ecological Footprints -- 3.3 Inflation -- 3.3.1 Price Indexes -- 3.3.2 Applying a Price Index -- 3.3.3 Calculating Inflation -- 3.4 Unemployment -- 3.5 Interest Rates -- 3.5.1 Real vs. Nominal Interest -- 3.6 Foreign Affairs -- 3.6.1 Interpreting the Balance of Payments -- 3.7 Exchange Rates -- 3.7.1 Exchange Rates and Interest Rates -- 3.7.2 Exchange Rates and the Overall Investment Climate -- Appendix: Price Indexes -- Appendix: Real and Nominal Interest Rates -- Appendix: Real Exchange Rates -- Appendix: Data Links -- Problems -- References -- Part II The Long-Run Model -- 4 Labor, Resources, and the Production Function -- 4.1 Overview -- 4.2 The Production Function -- 4.2.1 Diminishing Marginal Product -- 4.2.2 Output, Value, and GDP -- 4.2.3 Graphical Presentation -- 4.3 Labor Demand -- 4.4 Labor Supply -- 4.5 Resource Markets -- 4.5.1 Resource Supply -- 4.5.2 Resource Use -- 4.5.3 The Biosphere's Absorptive Capacity -- 4.6 The Cobb-Douglas Function -- 4.7 The Per-Worker Production Function -- Appendix: Summary of Terminology
  • Appendix: Why K? Why N? Why A? Why Z? -- Appendix: Treatment in Calculus and Algebra -- Diminishing MPK and MPN -- Constant Returns to Scale -- Problems -- References -- 5 The Composition of Output -- 5.1 Introduction -- 5.2 Components of Aggregate Demand -- 5.3 Consumption -- 5.4 Investment -- 5.5 Government Expenditure -- 5.6 Net Exports -- 5.7 Real Exchange Rates -- Appendix: Summary of Terminology -- Appendix: Unintended Investment -- Appendix: Alternative Consumption Functions -- Problems -- References -- 6 The Long-Run Model (The Classical World) -- 6.1 Overview -- 6.2 Labor-Market Equilibrium -- 6.3 Equilibrium Output -- 6.4 Markets Work Well -- 6.4.1 The Real Wage Will Adjust -- 6.4.2 What's Made Is Sold -- 6.5 What Changes Output -- 6.6 Real-Nominal Divide -- 6.7 Money and Prices -- 6.8 Interest Rates -- 6.9 Policy Implications -- 6.9.1 The Problem of Recession -- 6.10 Growth, the Long-Run Model, and Potential Output -- Appendix: What Is Ǹ̀ominal Output''? -- Appendix: Taxes and the Effect on Wages -- Problems -- References -- 7 Growth with Abundant Resources -- 7.1 Introduction -- 7.2 Capital and Investment -- 7.3 Resources -- 7.4 Labor Force -- 7.5 Diminishing Returns to Capital -- 7.6 Innovation -- 7.7 Convergence -- 7.8 Mechanics of Growth -- 7.9 Institutions -- 7.10 Diminishing MPK Revisited -- 7.11 The Value of Growth -- 7.11.1 Employment -- 7.11.2 Political Stability -- 7.11.3 The Functioning of the Money System -- 7.11.4 Questioning the Value of Growth -- 7.12 Conditional Equivalence -- Appendix: Growth and the Steady State -- Problems -- References -- Part III Business Cycles -- 8 A Natural History of Money -- 8.1 Introduction -- 8.2 In the Animal Kingdom -- 8.2.1 Coordinating Current Production -- 8.2.2 Building the Future -- 8.3 The Human Problem -- 8.3.1 Non-monetary Means of Coordination -- 8.3.2 Enter Money
  • 8.3.3 Taking on Credit -- Problems -- References -- 9 What Money Is -- 9.1 The Money Mystery -- 9.2 The Physical Economy -- 9.2.1 The Investment Project -- 9.3 Getting it Built -- 9.4 Beyond Promises -- 9.5 Money, Debt, Saving, Borrowing, Investment -- 9.5.1 Magic Money -- 9.6 Different Responses to Expenditure -- 9.7 Physical Saving vs. Financial Savings -- 9.7.1 Money as a Means, Not an End -- 9.7.2 Flexible Saving and Output -- 9.8 Comparing Money Stories -- 9.9 State Money -- 9.10 Exchange Value and the Roles and Attributes of Money -- 9.10.1 Exchange Value -- 9.10.2 The Roles of Money -- 9.10.3 The Attributes of Money -- Appendix: Savings Without Obligation -- Appendix: Gold and Silver -- Problems -- References -- 10 Banking -- 10.1 Introduction -- 10.2 Checking Transactions -- 10.3 The Bank Balance Sheet -- 10.3.1 Balancing Your Balance Sheet -- 10.3.2 Loans Two Ways -- 10.4 Reserves -- 10.5 Illiquidity vs. Insolvency -- 10.6 Tools for Credibility -- 10.6.1 Bank Runs and Deposit Insurance -- 10.7 Central Banks -- 10.7.1 Lender of Last Resort -- 10.7.2 Capital and Reserve Requirements -- 10.7.3 Monetary Policy -- 10.8 Fractional Reserve Banking -- Problems -- References -- 11 Expenditure Multipliers -- 11.1 Mills and Multipliers -- 11.1.1 Multipliers -- 11.1.2 Crowding Out -- 11.2 Logical Limits to the Multiplier -- 11.3 The Standard Keynesian Multipliers -- 11.3.1 The Aggregate Expenditure Function -- 11.3.2 Algebraic Treatment -- 11.3.3 The Tax Multiplier -- 11.3.4 Sanity -- 11.3.5 Nominal vs. Real -- Problems -- 12 Monetary Policy -- 12.1 The Aims of Monetary Policy -- 12.2 Who Makes Monetary Policy -- 12.3 The Money Supply -- 12.3.1 Definitions of Money -- 12.4 The Relationship Between the Money Supply and Economic Activity -- 12.5 Tools for Influencing the Money Supply -- 12.5.1 Open-Market Operations -- 12.5.2 The Discount Rate
  • 12.5.3 Reserve Requirements -- 12.5.4 Emergency Measures -- 12.5.5 Quantitative Easing -- 12.6 Monetary Targeting, Inflation Targeting, Taylor Rules, Nominal GDP Targeting -- 12.7 Conclusion -- Appendix: An Open-Market Operation -- Problems -- References -- 13 Fiscal Policy -- 13.1 The Aims of Fiscal Policy -- 13.2 Mechanics of Fiscal Policy -- 13.2.1 Automatic Stabilizers -- 13.2.2 Active Fiscal Policy -- 13.3 Who Makes Fiscal Policy -- 13.4 Fiscal Policy, the Multiplier(s), and Timing -- 13.5 Conclusion -- Problems -- Reference -- 14 The IS and LM Curves -- 14.1 Overview of the IS-LM Model -- 14.2 Overview of the IS Curve -- 14.3 The Shape of the IS Curve -- 14.3.1 Why Does it Slope Down -- 14.3.2 What Makes it Steep or Flat -- 14.4 What Moves the IS Curve -- 14.5 Algebraic Derivation of IS Curve -- 14.6 LM Overview -- 14.7 The Shape of the LM Curve -- 14.7.1 Why Does it Slope Up -- 14.7.2 What Determines the Steepness -- 14.8 What Moves the LM Curve -- 14.9 The Money-Supply Multiplier -- Appendix: The Meaning of Ì̀S'' and L̀̀M'' -- Problems -- References -- 15 Policy and Shocks in the IS-LM World -- 15.1 Overview -- 15.2 Combining the Two Curves -- 15.3 Effect of Fiscal Policy -- 15.4 Effect of Monetary Policy -- 15.5 The Goal of Policy -- 15.6 When Fiscal Policy Is Ineffective -- 15.7 When Monetary Policy Is Ineffective -- 15.8 The Uses of the IS-LM Framework -- Appendix I: The LM Curve and the Real Interest Rate -- Appendix II: Algebraic Solution of IS-LM -- Problems -- References -- 16 Short-Run Aggregate Supply/Aggregate Demand and Policy -- 16.1 Overview -- 16.2 Aggregate Demand the Standard Way -- 16.2.1 Interest-Rate Targeting -- 16.3 Aggregate Supply the Standard Way -- 16.3.1 Sticky Wages -- 16.3.2 Flexible Wages -- 16.3.3 Sticky vs. Flexible -- 16.4 F̀̀ool Me Twice'': Alternatives to the Standard Explanation
  • 16.4.1 Aggregate Supply as a Result of Spending -- 16.4.2 Aggregate Demand as a Result of Decentralized Reactions to Inflation -- 16.4.3 Combining AD and AS -- 16.4.4 Demand Shifters -- 16.5 Policy Effects -- 16.6 The Lucas Critique -- 16.6.1 Extending the Lucas Critique -- Appendix: The Phillips Curve -- Problems -- References -- 17 Policy Assessment -- 17.1 Introduction -- 17.2 Theory and the Anti-stimulus Charge -- 17.3 Empirical Assessments of Stimulus -- 17.3.1 Has Fiscal Policy Worked? -- 17.3.2 Has Monetary Policy Worked? -- 17.4 Conclusion -- Problems -- References -- Part IV Macroeconomics in a Constrained World -- 18 The Standard Model and Alternative Perspectives -- 18.1 The Standard Model -- 18.1.1 Exogenous Growth -- 18.1.2 Keynesian Policy as Misguided, or Even a Trap -- 18.1.2.1 With Exogenous Growth -- 18.1.2.2 With Endogenous Growth -- 18.1.3 Keynesian Policy as an Aid to Long-Run Growth -- 18.2 Alternative Perspectives -- 18.2.1 Real Business Cycle Theory -- 18.2.2 Minsky's Unstable World -- 18.2.3 The Prospect of Agent-Based Modeling -- 18.3 Heterodoxy in Perspective -- Problems -- References -- 19 Resource Constraints -- 19.1 What to Do with a Treasure Chest? -- 19.1.1 The Hotelling Rule -- 19.1.2 The Hartwick Rule -- 19.1.3 Hubbert Curves -- 19.1.4 Hotelling Behavior with Endogenous Demand -- 19.2 EROI and Energy Cost -- 19.3 Limits on Absorptive Capacity -- Problems -- References -- 20 Growth Under Resource Constraints -- 20.1 Growth in the Resources Model -- 20.1.1 Normal Growth -- 20.1.2 Preindustrial Growth -- 20.1.3 The D̀̀iscoveries'' -- 20.1.4 The D̀̀iscovery'' -- 20.2 The Long-Run Impact of Resource Constraints -- 20.3 Paths Toward a Resource-Constrained Future -- 20.3.1 Business as Usual -- 20.3.2 Weak Foresight -- 20.3.3 Strong Foresight -- Problems -- References -- 21 Business Cycles Under Resource Constraints
  • 21.1 Recessions and Resources
http://library.link/vocab/cover_art
https://contentcafe2.btol.com/ContentCafe/Jacket.aspx?Return=1&Type=S&Value=9783319517575&userID=ebsco-test&password=ebsco-test
Dimensions
unknown
http://library.link/vocab/discovery_link
{'f': 'http://opac.lib.rpi.edu/record=b4266766'}
Extent
1 online resource (384 pages)
Form of item
online
Isbn
9783319517575
Media category
computer
Media MARC source
rdamedia
Media type code
c
Sound
unknown sound
Specific material designation
remote

Library Locations

    • Folsom LibraryBorrow it
      110 8th St, Troy, NY, 12180, US
      42.729766 -73.682577
Processing Feedback ...