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Measuring Economic Sustainability and Progress
Since the Great Depression, researchers and statisticians have recognized the need for more extensive methods for measuring economic growth and sustainability. The recent recession renewed commitments to closing long-standing gaps in economic measurement, including those related to sustainability and well-being. The latest in the NBER’s influential Studies in Income and Wealth series, which has played a key role in the development of national account statistics in the United States and other nations, this volume explores collaborative solutions between academics, policy researchers, and official statisticians to some of today’s most important economic measurement challenges. Contributors to this volume extend past research on the integration and extension of national accounts to establish an even more comprehensive understanding of the distribution of economic growth and its impact on well-being, including health, human capital, and the environment. The research contributions assess, among other topics, specific conceptual and empirical proposals for extending national accounts.
The Measure of Economies
Innovative new approaches for improving GDP measurement to better gauge economic productivity. Official measures of gross domestic product (GDP) indicate that productivity growth has declined in the United States over the last two decades. This has led to calls for policy changes from pro-business tax reform to stronger antitrust measures. But are our twentieth-century economic methods actually measuring our twenty-first-century productivity? The Measure of Economies offers a synthesis of the state of knowledge in productivity measurement at a time when many question the accuracy and scope of GDP. With chapters authored by leading economic experts on topics such as the digital economy, health care, and the environment, it highlights the inadequacies of current practices and discusses cutting-edge alternatives. Pragmatic and forward-facing, The Measure of Economies is an essential resource not only for social scientists, but also for policymakers and business leaders seeking to understand the complexities of economic growth in a time of rapidly evolving technology.
Climate Change and Resilience in Indiana and Beyond
Climate change is affecting Indiana's environment, threatening the way Hoosiers live and do business, and introducing new stresses to the state's economy, health, and infrastructure. And while scientists predict more days of extreme weather, increased public health risks, and reduced agricultural production in the coming years, Hoosiers still have a substantial say in determining their future environment. Climate Change and Resilience in Indiana and Beyond confirms that Indiana can rise to meet this threat. The culmination of Indiana University's Prepared for Environmental Change Grand Challenge, this collection showcases how scientists, policymakers, communicators, and others are working ha...
The Spirit of Green
From a Nobel Prize–winning pioneer in environmental economics, an innovative account of how and why “green thinking” could cure many of the world’s most serious problems—from global warming to pandemics Solving the world’s biggest problems—from climate catastrophe and pandemics to wildfires and corporate malfeasance—requires, more than anything else, coming up with new ways to manage the powerful interactions that surround us. For carbon emissions and other environmental damage, this means ensuring that those responsible pay their full costs rather than continuing to pass them along to others, including future generations. In The Spirit of Green, Nobel Prize–winning economi...
Using Marginal Damages in Environmental Policy
"America has struggled to strike the proper balance between environmental stewardship and economic well-being when regulating air pollution. Economics Professors Nicholas Muller and Robert Mendelsohn suggest a path-breaking solution to this conundrum: an original and efficient regulatory model that they contend would lead to both clearer air and millions in industry savings. ... Muller and Mendelsohn illustrate the shortcomings of current air pollution policy, demonstrating how catch-all solutions fail to distinguish between different regions where the costs of pollution damages vary widely. The authors provide convincing evidence of these failures: pollution in urban areas, for example, doe...
Measuring and Accounting for Environmental Public Goods
Provides strategies and approaches for integrating natural capital into environmental statistics. While the importance of natural resources and the contributions of the environment to welfare are apparent, traditional national income and wealth accounting practices do not measure or value environmental public goods. This volume examines the conceptual and empirical basis for integrating natural capital—forests, oceans, and air—into the economic and environmental statistics that inform public policy. It offers innovative approaches to valuing nonmarket environmental goods and services, including strategies for capturing heterogeneity in measurement across types of capital, geography, and ...
Tax Reform
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