The World Economy, Population Growth, and the Global Ecosystem
A Unified Theoretical Model of Interdependent Dynamic Systems
By (author) Harland William Whitmore
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World Economy, Population Growth, and the Global Ecosystem by Harland William Whitmore
Book DescriptionThe purpose of this study is to better understand the essential interdependencies between the world economy and the global ecosystem, including human populations. World production, product prices, wages, interest rates, exchange rates, employment, and spending are shown to be mutually determined over time with the growth rates of country-specific renewable resources, the generation of waste, human population growth, waste assimilation by the basic fungible resource, and the sanitation and other health and human services provided by the government sectors. Particular attention is paid to alternative central bank policies and their potential effects upon future mixes of resources in world production and upon the level and composition of that production. Materials balance holds with respect to all production and consumption. Cash flow constraints hold with respect to all economic transactions; in particular, the decisions to save and invest are directly linked to financial market decisions.
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Book DetailsISBN: 9781403984241
(229mm x 152mm x 21mm)
Imprint: Palgrave Macmillan
Publisher: Palgrave USA
Publish Date: 1-Jul-2008
Country of Publication: United States
Books By Author Harland William Whitmore
World Economy Macroeconomics, Paperback (September 1996)» View all books by Harland William Whitmore
This text develops a complex open economy macro-model of the world economy that synthesizes the new Keynesian and new classical approaches to constructing aggregate models. It extends the two approaches by offering a more general international and intertemporal transmission mechanism.
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Author Biography - Harland William Whitmore
HARLAND WM. WHITMORE, JR. is currently Professor of Economics at the University of Cincinnati, USA. He has published several books in open economy macroeconomics, including Aggregate Economic Choice (1986), World Economy Macroeconomics (1997) and Global Environmental Economics (1999). For the last several years, he has also consulted with the U.S. Environmental Protection Agency, working on the integration of the macroeconomy with an ecological system. One outcome of this effort was the publication of a report Integration of an Economy under Imperfect Competition with a Twelve-Cell Ecological Model (EPA/600/R-06/046, July 2006).
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