Environomics: The Economics of Environmentally Safe Prosperity

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Environomics is the first book to demonstrate clearly how economic growth can be made compatible with the environment and how it is possible to achieve general prosperity in real terms while preserving a safe and healthy environment. Its simple yet comprehensive concepts will serve as guidelines for policy decision making by government, industry, and consumers. The work defines qualitative growth and explains, for the first time, how to measure it. It distinguishes between prosperity-inducing and prosperity-decreasing technologies, defines productivity for the service sector, and redefines productivity in the manufacturing sector based upon qualitative growth. Khavari concludes that there is no need to sacrifice the environment to achieve prosperity; nor must we forego prosperity to preserve the environment. His prescription will be of interest to scholars, policymakers, and lay readers in environmental studies and economics.