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Climate change and the premises for a New Society

Author

Listed:
  • Shachi Amdekar
  • Ajit Singh
Abstract
The starting point for this article is the excellent article by Professor Marglin on the dangers of climate change. He outlines a broad remedial prescription, a new economics based on ecological concerns and a broadly based cultural revolution to change people’s thinking. We agree with Marglin that the prevailing neoclassical analysis is fundamentally flawed because inter alia it adheres to individuals’ independent (rather than inter-dependent) utility functions. It is argued that ultimately the problem of the ecosystem, and indeed violent threats of mass destruction that we constantly face cannot be solved without the insights that community and spiritual thinking bring us.

Suggested Citation

  • Shachi Amdekar & Ajit Singh, 2014. "Climate change and the premises for a New Society," The Economic and Labour Relations Review, , vol. 25(4), pages 563-573, December.
    • Handle: RePEc:sae:ecolab:v:25:y:2014:i:4:p:563-573
    DOI: 10.1177/1035304614556716
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    References listed on IDEAS

    as
    1. Marglin, Stephen Alan & Banuri, Tariq, 2013. "What Should a Sustainable Economy Sustain? The case for a just economy," Scholarly Articles 25658991, Harvard University Department of Economics.
    2. Stephen Marglin & Tariq Banuri, 2013. "What Should a Sustainable Economy Sustain? The case for a just economy," Development, Palgrave Macmillan;Society for International Deveopment, vol. 56(1), pages 79-85, March.
    3. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801, September.
    4. Stephen A Marglin, 2013. "Premises for a New Economy*," Development, Palgrave Macmillan;Society for International Deveopment, vol. 56(2), pages 149-154, June.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Sisay B. Bedeke & Wouter Vanhove & Muluken G. Wordofa & Kolandavel Natarajan & Patrick Damme, 2020. "Vulnerability to climate change among maize-dependent smallholders in three districts of Ethiopia," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(2), pages 693-718, February.
    2. Ashwani Saith, 2018. "Ajit Singh (1940–2015), the Radical Cambridge Economist: Anti†imperialist Advocate of Third World Industrialization," Development and Change, International Institute of Social Studies, vol. 49(2), pages 561-628, March.
    3. Scott E. Kalafatis, 2017. "Identifying the Potential for Climate Compatible Development Efforts and the Missing Links," Sustainability, MDPI, vol. 9(9), pages 1-14, September.

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    More about this item

    Keywords

    Climate change; community; eco-systems; neoclassical economics; spiritual thinking;
    All these keywords.

    JEL classification:

    • N5 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation

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