The Economics of the Global Environment

Catastrophic Risks in Theory and Policy

  • Graciela Chichilnisky
  • Armon Rezai

Part of the Studies in Economic Theory book series (ECON.THEORY, volume 29)

Table of contents

  1. Front Matter
    Pages i-vii
  2. Catastrophic Risk in Economic Theory

  3. Ethical and Welfare Considerations

    1. Front Matter
      Pages 163-163
    2. Geir B. Asheim, Tapan Mitra, Bertil Tungodden
      Pages 165-190 Open Access
  4. The Environment in a Global Context

  5. The Case of Climate Change

    1. Front Matter
      Pages 365-365
    2. Armon Rezai, Duncan K. Foley, Lance Taylor
      Pages 447-470
  6. Economic Policy and Regulation

    1. Front Matter
      Pages 471-471
    2. Carlos Hervés-Beloso, Francisco Martínez, Jorge Rivera
      Pages 535-550
  7. Catastrophic Risk in Economic Practice

About this book


This is the first book combining research on the Global Environment, Catastrophic Risks and Economic Theory and Policy. Modern economic theory originated in the middle of the twentieth century when industrial expansion coupled with population growth led to a voracious use of natural resources and global environmental concerns. It is uncontested that, for the first time in recorded history, humans dominate the planet, changing the planet's atmosphere, its bodies of water, and the complex web of species that makes life on earth. This radical change in circumstances led to rethinking of the foundations of human organization and, in particular, the industrial economy and the economic theory behind it. This book brings together new approaches on multiple levels: environmental sustainability requires rethinking in terms of economic theory and policy as well as the considerations of catastrophic risk and extremal events. Leading experts address questions of economic governance, risk management, policy decision making and distribution across time and space.


Catastrophic Risks Economic Theory Extreme Events Global Environment Risk Management

Editors and affiliations

  • Graciela Chichilnisky
    • 1
  • Armon Rezai
    • 2
  1. 1.Columbia UniversityNew YorkUSA
  2. 2.Department of Socio-EconomicsVienna University of Economics and BusinessViennaAustria

Bibliographic information

Industry Sectors
Finance, Business & Banking