Products related to Economy:
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Biophysical Economy : Theory, Challenges, and Sustainability
This book explores the concept of transforming the current macroeconomic system from one based on continuous growth that doesn’t recognize the fundamental importance of Earth's natural support structures, to a system consistent with the basic views of biophysical economics that acknowledges that all real wealth ultimately derives from planetary resources, both renewable and non-renewable.It describes how data and information collected by various institutions, government agencies, and the private sector can be integrated with existing management structures to transform the “continuous growth” economy into an economy that functions within understandable boundaries on a finite planet. FeaturesStimulates discussions of the feasibility of a biophysical economy. Discusses the historical developments of biophysical economics. Offers a practical approach to building a biophysical economy. Explores the human experience of living in a biophysical economy. Emphasizes the fragility of life in the Universe as we know it. This book is an excellent resource for academics and students studying sustainable development, as well as for professionals working in the private sector and public institutions with an interest in economic planning for a sustainable future.
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Robots, Automation and the Innovation Economy
Cascades of new technologies and innovations are entering our lives so fast that it is difficult for us to adapt to one innovation before the next becomes embedded into our everyday lives.What happens when the changes brought by technology are so profound that they affect all aspects of our lives?This book explores the potential impact of artificial intelligence (AI) and intelligent robots on individuals, organizations and society, specifically examining the impact on jobs and workplaces in the future.It provides an understanding of how we can adapt to changes that appear like flocks of black swans. Five key areas are unpacked in the book: automation, AI, (the significance of AI technology), innovation, competence transformation, and the fact that the pace of change is so rapid that it outstrips our ability to adapt to consecutive changes.The main objective is to show how AI will change society and how we as individuals and society must adapt in order to survive what the author terms ‘robot shock’, together with its consequences and after-effects.It offers a greater understanding of resistance to change and how we need to adopt strategies for adapting to major changes.Each of the book’s six chapters also contains policy inputs, framed as propositions, that are intended specifically for decision-makers.The book concludes by offering possible strategies for overcoming the negative effects of ‘robot shock’. The book intends to send a message to leaders of institutions, decision-makers and anyone attempting to understand and explain how we – as a social system – can succeed in tackling the many major challenges and crises faced by humanity.
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Circular Economy Realities : Critical Perspectives on Sustainability
This book addresses the realities of the circular economy, a resource efficiency concept that has risen to global prominence in academic, policy and business circles over the last decade.Considered an approach to sustainable growth, the volume critically analyses how sustainable emerging applications of a circular economy are in practice. The book stems from an international, interdisciplinary project exploring the discourses, policies, implementation and impacts of the circular economy across public, private and third sector accounts.It draws on a wide range of case studies, from the UK, Portugal, Austria, Italy, the Netherlands, France, Chile, China, Nigeria, Taiwan and Vietnam, highlighting how experiences both shaped and were shaped by the places in which they were happening.It provides a guide to researching a complex phenomenon such as a circular economy, which involves both collaboration and competition between multiple stakeholders across different sectors and places.Synthesising the multiple perspectives employed in the project, the book makes recommendations for circular economy implementation in different contexts, including the assessment of sustainability implications, whilst indicating the limited potential for circular economy activity to bring social and economic benefits without explicit motivation for those to happen. Benefitting from extensive empirical research, this critical assessment of sustainability in the context of the circular economy will appeal to a broad readership of academics, upper-level students, practitioners and policy-makers in sustainable development, business, economics, geography, sociology and environmental engineering. The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.
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Lean Sustainability : A Pathway to a Circular Economy
While Lean principles have been around for decades, the practices have yet to keep current with the growing area of Sustainability.This book provides an implementation approach to integrating Lean and Sustainability principles toward a circular economy. Lean Sustainability: A Pathway to a Circular Economy illustrates an integrated Lean and Sustainability approach that is applicable to manufacturing, healthcare, service, and other industries.This comprehensive approach will guide organizations toward a circular economy to drive competitive business practices further while being environmentally, socially, and economically responsible.The eBook version includes full color images. This book will help any industry practitioner interested in helping their business improve flow, reduce waste, and become more environmentally conscious.
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How to achieve a high-quality economy?
Achieving a high-quality economy involves several key factors. Firstly, investing in education and training to ensure a skilled workforce that can drive innovation and productivity. Secondly, fostering a business-friendly environment that encourages entrepreneurship and competition. Thirdly, maintaining stable economic policies and regulations to provide certainty for businesses and investors. Lastly, promoting sustainable practices to ensure long-term growth and prosperity for all members of society. By focusing on these aspects, a high-quality economy can be achieved.
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What do society, environment, and economy have to do with sustainability?
Society, environment, and economy are all interconnected when it comes to sustainability. Society plays a crucial role in driving sustainable practices through education, awareness, and advocacy. The environment is directly impacted by human activities and is essential for the well-being of society and the economy. The economy relies on natural resources and a healthy environment to thrive, and sustainable practices are necessary to ensure long-term economic stability. Therefore, achieving sustainability requires a balance between the needs of society, the health of the environment, and the strength of the economy.
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How can one achieve a high-quality economy?
One can achieve a high-quality economy by focusing on factors such as promoting innovation and technology, investing in education and workforce development, maintaining a stable and transparent regulatory environment, fostering entrepreneurship and small business growth, and ensuring fair and competitive markets. Additionally, promoting sustainable practices, reducing income inequality, and prioritizing social welfare programs can also contribute to a high-quality economy. Collaboration between government, businesses, and the community is essential to create a thriving economy that benefits all members of society.
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Free market economy or planned economy?
The choice between a free market economy and a planned economy depends on the specific goals and values of a society. A free market economy allows for individual freedom and competition, which can lead to innovation and efficiency. However, it can also result in inequality and lack of regulation. On the other hand, a planned economy allows for more control and distribution of resources, but it can stifle individual initiative and innovation. Ultimately, the decision between the two depends on the balance a society seeks between individual freedom and social equality.
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Pliny's Roman Economy : Natural History, Innovation, and Growth
The first comprehensive study of Pliny the Elder’s economic thought—and its implications for understanding the Roman Empire’s constrained innovation and economic growthThe elder Pliny’s Natural History (77 CE), an astonishing compilation of 20,000 “things worth knowing,” was avowedly intended to be a repository of ancient Mediterranean knowledge for the use of craftsmen and farmers, but this 37-book, 400,000-word work was too expensive, unwieldy, and impractically organized to be of utilitarian value.Yet, as Richard Saller shows, the Natural History offers more insights into Roman ideas about economic growth than any other ancient source.Pliny’s Roman Economy is the first comprehensive study of Pliny’s economic thought and its implications for understanding the economy of the Roman Empire. As Saller reveals, Pliny sometimes anticipates modern economic theory, while at other times his ideas suggest why Rome produced very few major inventions that resulted in sustained economic growth.On one hand, Pliny believed that new knowledge came by accident or divine intervention, not by human initiative; research and development was a foreign concept.When he lists 136 great inventions, they are mostly prehistoric and don’t include a single one from Rome—offering a commentary on Roman innovation and displaying a reverence for the past that contrasts with the attitudes of the eighteenth-century encyclopedists credited with contributing to the Industrial Revolution.On the other hand, Pliny shrewdly recognized that Rome’s lack of competition from other states suppressed incentives for innovation.Pliny’s understanding should be noted because, as Saller shows, recent efforts to use scientific evidence about the ancient climate to measure the Roman economy are flawed. By exploring Pliny’s ideas about discovery, innovation, and growth, Pliny’s Roman Economy makes an important new contribution to the ongoing debate about economic growth in ancient Rome.
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Deglobalization : China-US Rivalry in the Innovation Economy
The emerging conflict between the US and China has an inherent tendency towards a development of deglobalization.It is the historical prerequisites for this deglobalization that are examined in this book.These assumptions are largely based on what is termed the second wave of globalization, based on increasing technological competition between the US and China, as well as China's expansion along the New Silk Road. In this book, the author makes a distinction between the Old Globalization and the New Globalization.The Old Globalization was characterized by competition over costs in general and wage costs in particular, while the New Globalization is categorized by new competencies and skills, especially technological capabilities and technological innovations.The second wave, which is driven by technological innovations, lays the foundation for a counter-strategy on the part of the US to stem the Chinese technological expansion.It is this new strategy that confines the second wave of globalization from China and lays the foundation for deglobalization. The book analyses US-China relations from a fresh perspective, namely a systemic thinking approach.The focus is the emerging innovation economy, which leads to tension and deglobalization.The book is grounded in evolutionary economics and uses conceptual generalization in its descriptions, analysis, theoretical reflections, and real-world cases.The key message is that the economy of the future will be characterized by coordinated wave movements: economic growth mainly controlled by private capital alternating with economic downturns that necessitate collective solutions and government interventions.The book offers policy suggestions, which include promoting effective macroeconomic policies, and extending microeconomic cooperation schemes, related to the innovation economy.
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Advanced Green Technology for Environmental Sustainability and Circular Economy
This book elucidates the growing application of greener technology with a circular economic approach and examines the connection among environment, economy, and ecology for an emerging and supportable human society.It focuses on numerous features of environmental sustainability and, more responsibly, labels the technologies and methods essential to overcome growing environmental challenges, including biotechnological methods, cutting-edge research, applications, and procedures. Features:Proposes the latest advances in waste treatment, pollution reduction, and circular economy development based on green technology. Considers the relationship between green technological progress and various forms of circular economy. Describes resource recycling and recovery. Covers advanced technology in bioremediation. Includes reports and case studies highlighting the "how-to" on waste-to-energy generation. This book is aimed at professionals and graduate students in environmental engineering, project management, bioremediation, sustainable development, and waste management.
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The Innovation Complex : Cities, Tech, and the New Economy
You hear a lot these days about "innovation and entrepreneurship" and about how "good jobs" in tech will save our cities.Yet these common tropes hide a stunning reality: local lives and fortunes are tied to global capital.You see this clearly in metropolises such as San Francisco and New York that have emerged as "superstar cities." In these cities, startups bloom, jobs of the future multiply, and a meritocracy trained in digital technology, backed by investors who control deep pools of capital, forms a new class: the tech-financial elite.In The Innovation Complex, the eminent urbanist Sharon Zukin shows the way these forces shape the new urban economy through a rich and illuminating account of the rise of the tech sector in New York City.Drawing from original interviews with venture capitalists, tech evangelists, and economic development officials, she shows how the ecosystem forms and reshapes the city from the ground up. Zukin explores the people and plans that have literally rooted digital technology in the city.That in turn has shaped a workforce, molded a mindset, and generated an archipelago of tech spaces, which in combination have produced a now-hegemonic "innovation" culture and geography.She begins with the subculture of hackathons and meetups, introduces startup founders and venture capitalists, and explores the transformation of the Brooklyn waterfront from industrial wasteland to "innovation coastline." She shows how, far beyond Silicon Valley, cities like New York are shaped by an influential "triple helix" of business, government, and university leaders--an alliance that joins C.Wright Mills's "power elite," real estate developers, and ambitious avatars of "academic capitalism." As a result, cities around the world are caught between the demands of the tech economy and communities' desires for growth--a massive and often--insurmountable challenge for those who hope to reap the rewards of innovation's success.
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Why market economy and not planned economy?
A market economy is preferred over a planned economy because it allows for individual freedom and choice in economic decision-making. In a market economy, prices are determined by supply and demand, leading to efficient allocation of resources. Additionally, competition in a market economy encourages innovation and productivity, driving economic growth. On the other hand, a planned economy, where the government controls production and distribution, can lead to inefficiencies, lack of innovation, and limited consumer choice.
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How are planned economy and shortage economy related?
A planned economy is a system in which the government controls and regulates production, distribution, and prices of goods and services. In a planned economy, resources are allocated based on a central plan rather than market forces. A shortage economy occurs when there is a lack of goods and services available for consumers due to factors such as poor planning, inefficiency, or external shocks. In a planned economy, the risk of a shortage economy is higher as the government may not accurately predict or meet the demands of the population, leading to imbalances in supply and demand.
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How can the three dimensions of sustainability - economy, society, and environment - be described?
The three dimensions of sustainability can be described as interconnected and interdependent aspects that need to be balanced for long-term well-being. The economic dimension focuses on creating prosperity and ensuring financial stability while considering the impact on society and the environment. The social dimension emphasizes equity, social justice, and community well-being, ensuring that the needs of all individuals are met. The environmental dimension involves protecting natural resources, reducing pollution, and promoting sustainable practices to preserve the planet for future generations. Balancing these dimensions is essential for achieving sustainable development.
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What is the difference between social market economy, free market economy, and planned economy?
A social market economy combines elements of both a free market economy and a planned economy. It allows for private ownership of businesses and resources, while also implementing government regulations to ensure fair competition and social welfare. In contrast, a free market economy relies on minimal government intervention, allowing businesses to operate with little regulation. On the other hand, a planned economy is centrally controlled by the government, with decisions regarding production, distribution, and pricing made by central authorities.
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