Macroeconomic theory and policy are strongly based on the assumption that economic growth is a fundamental goal. The environmental realities of the twenty- first century compel a reassessment of macro theory in terms of the impact of current growth patterns on planetary ecosystems.This paper...

The authors and editors of this book challenge traditional assumptions about economic growth, and develop the elements of a reoriented macroeconomics that takes account both of environmental impacts and social equity. Policies including carbon trading, revenue recycling, and reorientation of...

Presenting new and innovative perspectives on macroeconomics at the national and international levels, the editors bring together contributions on a wide range of topics including: current issues of globalization; transitional economies; inequality; unemployment; national and international debt;...

This discussion, with a true pioneer of pluralist economics teaching, examines a particular strategy for achieving reform that has been adopted at Sydney University. It is a strategy that may have wide applicability for the reform of economics. The strategy is shown to have two features....

This paper surveys the teaching of pluralist economics in Australian universities with a particular focus on explaining growth and decline. The paper also presents the results of a survey of staff teaching pluralist economics to assess their background and views on the state of economics...

Public decision-makers require information on the benefits and costs of policies for groundwater protection. The averting expenditures method for valuing environmental improvements is examined and used to approximate the economic costs of groundwater degradation to households in a southeastern...

Dairy farmers often rank the benefit from a secure market as a major reason for belonging to a milk-marketing cooperative. This paper proposes a technique for valuing this decreased market risk through development of a willingness-to-pay measure.

Multiple-bounded, contingent-valuation questions have been proposed as an alternative to single-bounded and double-bounded questions. While the effects of bid design on multiple- bounded responses have not been explored, findings of experimental effects in single- and double-bounded questions...