Purpose – This paper draws upon the work of Georgescu‐Roegen to outline some theoretical alternatives to standard welfare theory, and to examine the policy implications of discarding the Walrasian core of neoclassical economics. Design/methodology/approach – Current work in behavioral...

Nigeria has implemented structural adjustment policies for the past twenty years, with the intensity of reforms increasing each year. However, there is an ongoing debate as to whether strong adjustment is more effective than weak reforms in alleviating poverty in African economies. In this...

This paper discusses energy use in the case of four countries, Bulgaria, Poland, Hungary, and Romania, which changed the economic system from command economy to open-market. The analysis provided uses the multi-scale integrated analysis of societal metabolism (MSIASM) approach and contrasts it...

The need for energy due to economic and population pressure has resulted in a great expansion of hydroelectric dam projects around the world, especially in Asia. These hydroelectric projects have resulted in considerable environmental, economic, and social damage. Typically, the economic...

The Great Tohoku–Kanto earthquake and the resulting tsunami have brought considerable attention to the issue of building new nuclear power plants. In this paper we argue that nuclear power is not a sustainable solution to energy problems. First, we explore the stock of uranium-235 and the...

Convergence, both nominal and real, is occurring in the EU, especially for new members. Among the macroeconomic variables and correlations closely related to the convergence process are inflation, per capita GDP, the natural rate of unemployment and the inflation-unemployment relationship. This...

This chapter presents projections of residential development in Wappinger Creek watershed of Dutchess County, New York in the Hudson River Valley. A spatial econometric model is developed based on data from a geographical information system (GIS) of county-level socio-economic trends, tax parcel...