Leeds University Library

Reading List

Economics and Sustainability, 2017/18, Semester 2
Dr Daniel O'Neill
Tutor information is taken from the Module Catalogue


The module has two main textbooks, which contain the majority of the required readings:

Daly, H.E., Farley, J., 2011. Ecological Economics: Principles and Applications, 2nd ed. Island Press, Washington, DC.

Dietz, R., O’Neill, D.W., 2013. Enough is enough : building a sustainable economy in a world of finite resources. Routledge, London.


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Lecture Readings

Each week there are required readings (generally two textbook chapters for lectures, and 1-2 journal articles for tutorials). These readings should be done in advance of the lectures and tutorials, as students are expected to participate in discussions of the readings.

Lecture 1: What Is Economics?

Daly and Farley, Ch. 1: Why Study Economics?  

Lecture 2: Key Concepts and the Fundamental Vision

Daly and Farley, Ch. 2: The Fundamental Vision; Ch. 4: The Nature of Resources and the Resources of Nature 

Lecture 3: Markets and Supply and Demand

Daly and Farley, Ch. 8: The Basic Market Equation; Ch. 9: Supply and Demand

Lecture 4: Market Failures and Discounting

Daly and Farley, Ch. 10: Market Failures; Ch. 16: Distribution (but only pp. 315-320)

Lecture 5: Valuing the Environment

Hanley et al., Ch. 3: Valuing the Environment and Natural Resources Available as an Online Course Reading in Minerva

Lecture 6: Human Behaviour

Daly and Farley, Ch. 13: Human Behaviour and Economics

Lecture 7: Economic and Biophysical Accounting

Daly and Farley, Ch. 14: Macroeconomic Concepts: GNP and Welfare

Dietz and O'Neill, Ch. 9: Enough Miscalculation

Lecture 8: Economic Growth and Alternatives

Dietz and O’Neill, Chs. 1-4

Easter Break

Dietz and O’Neill, Chs. 5-11

Lecture 9: Money and Distribution

Daly and Farley, Ch. 15: Money; Ch. 16: Distribution (but only pp. 301-314) 

Dietz and O'Neill, Ch. 7: Enough Inequality; Ch. 8: Enough Debt

Lecture 10: Environmental Policy Design

Daly and Farley, Ch. 21: General Policy Design Principles; Ch. 22: Sustainable Scale 

Dietz and O'Neill, Ch. 5: Enough Throughput

Lecture 11: Review and Future Outlook

Dietz and O’Neill, Chs. 12-15

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Tutorial Readings

Tutorial I: Economics and Sustainability

Ehrlich, P.R., Ehrlich, A.H., Holdren, J.P., 1993 [1977]. Availability, Entropy, and the Laws of Thermodynamics, Chapter 2 in H. E. Daly and K. N. Townsend (Eds.) Valuing the earth : economics, ecology, ethics, MIT Press, Cambridge, Massachusetts, pp. 69-73. Available as an Online Course Reading in Minerva

Boulding, K., 1993 [1966]. The economics of the coming spaceship Earth, Chapter 16 in H. E. Daly and K. E. Townsend (Eds.) Valuing the earth : economics, ecology, ethics, MIT Press, Cambridge, Massachusetts, pp. 297-309. Article available http://www.ub.edu/prometheus21/articulos/obsprometheus/BOULDING.pdf

Tutorial II: Markets

Cherfas, J., 1986. What price whales? New scientist. 110 (1511), 36-40. Available as an Online Course Reading in Minerva

The Stern Review on the Economics of Climate Change: https://en.wikipedia.org/wiki/Stern_Review

Tutorial III: Valuation

Costanza, R., d'Arge, R., de Groot, R., Farber, S., Grasso, M., Hannon, B., Limburg, K., Naeem, S., O'Neill, R.V., Paruelo, J., Raskin, R. G., Sutton, P., van den Belt, M., 1997. The value of the world's ecosystem services and natural capital. Nature. 387, 253-260. 

Vatn, A., Bromley, D.W., 1994. Choices without prices without apologies. Journal of environmental economics and management. 26 (2), 129-148.

Tutorial IV: Macroeconomics of Growth

Cobb, C., Halstead, T., Rowe, J., 1995. If the GDP is up, why is America down? Atlantic Monthly, October, 59-78. http://www.theatlantic.com/past/politics/ecbig/gdp.htm

Daly, H.E., 2008. A Steady-State Economy. Opinion Piece for Redefining Prosperity, Sustainable Development Commission, UK. - Available online: https://web.archive.org/web/20140809191638/http://www.sd-commission.org.uk/data/files/publications/Herman_Daly_thinkpiece.pdf

Tutorial V: Money As Debt

Watch the six short Banking 101 videos on the Positive Money website: http://positivemoney.org/how-banks-create-money/banking-101-video-course/

Read Ch. 15 (Equality and Sustainability) of Wilkinson, R., Pickett, K., 2009. The spirit level : why more equal societies almost always do better. Allen Lane, London.

Tutorial VI: Stakeholder Review of Policies for a Steady-State Economy

Dietz and O’Neill, Chs. 5-11 (if you have missed any of these chapters)

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Additional References

The following texts and books provide additional reference material:

Cato, M.S., 2012. Environment & economy. Routledge, London.

Common, M., Stagl, S., 2005. Ecological economics : an introduction. Cambridge University Press, Cambridge, UK.

D'Alisa, G., Demaria, F., Kallis, G. (Eds.), 2014. Degrowth : a vocabulary for a new era. Routledge, New York.

Daly, H.E., Townsend, K.N. (Eds.), 1993. Valuing the earth : economics, ecology, ethics. MIT Press, Cambridge, Massachusetts.

Goodwin, N., Harris, J., Nelson, J.A., Roach, B., Torras, M. 2013. Macroeconomics: In Context. 2nd ed. Routledge, London.

Goodwin, N., Harris, J., Nelson, J.A., Roach, B., Torras, M. 2013. Microeconomics: In Context. 3rd ed. Routledge, London.

Hanley, N., Shogren, J.F., White, B., 2001. Introduction to Environmental Economics. Oxford University Press, Oxford, UK.

Jackson, T., 2009. Prosperity without growth : economics for a finite planet. Earthscan, London.

Ryan-Collins, J., Greenham, T., Werner, R., Jackson, A., 2011. Where does money come from? : a guide to the UK monetary and banking system. New Economics Foundation, London.

Wilkinson, R., Pickett, K., 2009. The spirit level : why more equal societies almost always do better. Allen Lane, London.

In addition to the above books, there are many other excellent sources that deal with the topics covered in this module. Consult the list of suggested readings in Daly and Farley (pp. 495-498). The following journals, which are available online from the library, also contain many articles that are directly relevant to this module (and to the assignments): Ecological Economics, Journal of cleaner production. ISSN: 0959-6526, Journal of Environmental Economics and Management, and Solutions (available electronically for free http://www.thesolutionsjournal.com/ )

This list was last updated on 02/01/2018