Social common capital provides members of society with those services and institutional arrangements that are crucial in maintaining human and cultural life. Social common capital is comprised of three categories: natural capital, social infrastructure, and institutional capital. Natural capital consists of natural environment and resources including the Earth's atmosphere. Social infrastructure consists of roads, bridges, public transportation systems, and public utilities. Institutional capital includes hospitals, educational institutions, judicial and police systems, public administrative services, financial and monetary institutions, and cultural capital. This 2005 book attempts to modify and extend the theoretical premises of orthodox economic theory to make them broad enough to analyze the economic implications of social common capital. It aims to find the institutional arrangements and policy measures that will bring about the optimal state of affairs in which the natural and institutional components are blended together harmoniously to realize the sustainable state as suggested by John Stuart Mill.
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1. Fisheries, forestry, and agriculture in the theory of the commons; 2. The prototype model of social common capital; 3. Sustainability and social common capital; 4. A commons model of social common capital; 5. Energy and recycling of residual wastes; 6. Agriculture and social common capital; 7. Global warming and sustainable development; 8. Education as social common capital; 9. Medical care as social common capital.
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'Uzawa has again contributed to the economic analysis of socially important problems. His treatment of social common capital shows the power of economic theory and is marked by Uzawa's customary clarity of exposition and mastery of analysis.' Kenneth Arrow, Nobel Laureate, Stanford University
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This 2005 book analyzes how natural resources, social infrastructure, and institutions might be optimally sustained.
Produktdetaljer
ISBN
9780521847889
Publisert
2005-06-06
Utgiver
Vendor
Cambridge University Press
Vekt
730 gr
Høyde
229 mm
Bredde
152 mm
Dybde
24 mm
Aldersnivå
UP, 05
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
418
Forfatter