Towards a model of eco-sustainable agricultural production in a regulated river basin
- Courvisanos, Jerry, Richardson, Colin
- Authors: Courvisanos, Jerry , Richardson, Colin
- Date: 2011
- Type: Text , Journal article
- Relation: Journal of Innovation Economics Vol. 2, no. 8 (2011), p. 59-87
- Full Text:
- Reviewed:
- Description: A clear path to the new eco-sustainable techno-economic paradigm is mapped out in Courvisanos (2009a) using a framework for innovation and investment developed from the seminal work of Adolph Lowe and Michal Kalecki. This theoretical framework is based around three elements that are crucial to achieving this eco-sustainable paradigm: (i) cumulative effective demand for eco-sustainable products, services and processes, (ii) ecological rules for capital investment to ensure resource saving and long-term carrying capacity, and (iii) iterative flexible public and private planning and monitoring processes to allow ecologically sustainable innovation to be supported by infrastructure, R&D and learning and development systems. This path was specifically applied in Courvisanos (2009a) to regional (non-metropolitan) Australia, an area of food and fibre production that is fragile because of drought, fire and massive storms due to ecological degradation and greenhouse warming. The heartland of regional Australia is the nation’s food bowl, the Murray-Darling River Basin (MDRB), which is under great stress due to salination and drought. There also is great rainfall variability with huge floods due to climate change, as became evident in 2010. A path for resolution of the concerns of specific regional and corporate interests along the whole Murray-Darling river system has not yet emerged. What is required is an eco-sustainable framework that addresses these issues in a holistic manner.
- Description: 200300879
- Authors: Courvisanos, Jerry , Richardson, Colin
- Date: 2011
- Type: Text , Journal article
- Relation: Journal of Innovation Economics Vol. 2, no. 8 (2011), p. 59-87
- Full Text:
- Reviewed:
- Description: A clear path to the new eco-sustainable techno-economic paradigm is mapped out in Courvisanos (2009a) using a framework for innovation and investment developed from the seminal work of Adolph Lowe and Michal Kalecki. This theoretical framework is based around three elements that are crucial to achieving this eco-sustainable paradigm: (i) cumulative effective demand for eco-sustainable products, services and processes, (ii) ecological rules for capital investment to ensure resource saving and long-term carrying capacity, and (iii) iterative flexible public and private planning and monitoring processes to allow ecologically sustainable innovation to be supported by infrastructure, R&D and learning and development systems. This path was specifically applied in Courvisanos (2009a) to regional (non-metropolitan) Australia, an area of food and fibre production that is fragile because of drought, fire and massive storms due to ecological degradation and greenhouse warming. The heartland of regional Australia is the nation’s food bowl, the Murray-Darling River Basin (MDRB), which is under great stress due to salination and drought. There also is great rainfall variability with huge floods due to climate change, as became evident in 2010. A path for resolution of the concerns of specific regional and corporate interests along the whole Murray-Darling river system has not yet emerged. What is required is an eco-sustainable framework that addresses these issues in a holistic manner.
- Description: 200300879
In search of New Atlantis : What can HET on innovation reveal about the path out of the 2009 great recession?
- Authors: Courvisanos, Jerry
- Date: 2009
- Type: Text , Conference paper
- Relation: Paper presented at 22nd Conference of the History of Economic Thought Society of Australia, University of Notre Dame, Fremantle, Western Australia : 14th-17th July 2009
- Full Text:
- Description: The 2009 “Great Recession” has created a severe collapse of business expectations to coincide with severe financial overexposure. In this economic climate there is the tendency for the private sector to withdraw from investing in the future and for the public sector to seek to protect the major institutions of capitalism. Both lead to the exclusion of innovation and the concomitant deterioration of the accumulation process. In this context, there have been calls by some prescient economists and politicians to recognise this severe downturn as the opportunity for the generation and implementation of new knowledge. Innovation needs to be generated - particularly eco-innovation into sustainable development - and supported with a large public and private accumulation programme. In about 1623, Francis Bacon wrote a fable about a secret undiscovered island, Bensalem, in which scientific progress through innovation (Bacon’s “instauration”) created an idyllic economy where humanity was in concert with nature. This Bacon juxtaposed with another island, Atlantis, which gained wealth and prominence through its domination over nature, until nature took its revenge. From Adam Smith onwards writings on economics have recognised the power of innovation to drive an economy. Using Bensalem as the ideal, this paper appraises visions of innovation and accumulation from various HET schools (especially Neoclassical, Austrian, Schumpeterian, Post-Keynesian, Ecological) to assess what these schools can contribute to development of an ecologically sustainable economic trajectory out of the 2009 Great Recession.
- Description: 2003007361
- Authors: Courvisanos, Jerry
- Date: 2009
- Type: Text , Conference paper
- Relation: Paper presented at 22nd Conference of the History of Economic Thought Society of Australia, University of Notre Dame, Fremantle, Western Australia : 14th-17th July 2009
- Full Text:
- Description: The 2009 “Great Recession” has created a severe collapse of business expectations to coincide with severe financial overexposure. In this economic climate there is the tendency for the private sector to withdraw from investing in the future and for the public sector to seek to protect the major institutions of capitalism. Both lead to the exclusion of innovation and the concomitant deterioration of the accumulation process. In this context, there have been calls by some prescient economists and politicians to recognise this severe downturn as the opportunity for the generation and implementation of new knowledge. Innovation needs to be generated - particularly eco-innovation into sustainable development - and supported with a large public and private accumulation programme. In about 1623, Francis Bacon wrote a fable about a secret undiscovered island, Bensalem, in which scientific progress through innovation (Bacon’s “instauration”) created an idyllic economy where humanity was in concert with nature. This Bacon juxtaposed with another island, Atlantis, which gained wealth and prominence through its domination over nature, until nature took its revenge. From Adam Smith onwards writings on economics have recognised the power of innovation to drive an economy. Using Bensalem as the ideal, this paper appraises visions of innovation and accumulation from various HET schools (especially Neoclassical, Austrian, Schumpeterian, Post-Keynesian, Ecological) to assess what these schools can contribute to development of an ecologically sustainable economic trajectory out of the 2009 Great Recession.
- Description: 2003007361
Regional innovation for sustainable development : An Australian perspective
- Authors: Courvisanos, Jerry
- Date: 2009
- Type: Text , Journal article
- Relation: Journal of Innovation Economics Vol. 1, no. 3 (2009), p. 119-143
- Full Text:
- Reviewed:
- Description: 2003007338
- Authors: Courvisanos, Jerry
- Date: 2009
- Type: Text , Journal article
- Relation: Journal of Innovation Economics Vol. 1, no. 3 (2009), p. 119-143
- Full Text:
- Reviewed:
- Description: 2003007338
Innovation policy framework for sustainable development in regional economies : An Australian perspective
- Authors: Courvisanos, Jerry
- Date: 2008
- Type: Text , Conference paper
- Relation: Paper presented at 2008 Pacific Northwest Regional Economic Conference : Spirit of Innovation III Forum, Tacoma, Washington, USA : 14th-16th May 2008
- Full Text:
- Description: The paper develops a broad macroeconomic innovation policy framework for ecologically sustainable economic development that can be applied to regional economies, from the perspective of Australia. Australia is one of the three huge per capita greenhouse emitting nations in the world. The increased frequency of drought and dramatic storms, together with mounting international scientific evidence, has raised the spectre of greenhouse gas emissions significantly deteriorating the economic viability of regional communities. Up until now from a regional perspective, ecological concerns of pollution and resource depletion have generally been part of the overall management approach to agriculture and regional economic development – more successful in some places and some time periods than others, but still part of the existing economic paradigm. Greenhouse is “the inconvenient truth” that now faces all regional communities, but its existing economic paradigm is clearly inappropriate for responding effectively and timely to this ecological concern. A completely different economic framework, based on economic activity that is satisficing (under conditions of ecological uncertainty) rather than optimising (under conditions of calculable risk) is required to address the ecological concerns of the future. An “eco-sustainable framework” is developed in this paper which sets out an innovation policy aimed at satisficing towards sustainable regional development from an Australian high-emission economy perspective. The framework is based on the work of two economists, Micha
- Description: 2003006404
- Authors: Courvisanos, Jerry
- Date: 2008
- Type: Text , Conference paper
- Relation: Paper presented at 2008 Pacific Northwest Regional Economic Conference : Spirit of Innovation III Forum, Tacoma, Washington, USA : 14th-16th May 2008
- Full Text:
- Description: The paper develops a broad macroeconomic innovation policy framework for ecologically sustainable economic development that can be applied to regional economies, from the perspective of Australia. Australia is one of the three huge per capita greenhouse emitting nations in the world. The increased frequency of drought and dramatic storms, together with mounting international scientific evidence, has raised the spectre of greenhouse gas emissions significantly deteriorating the economic viability of regional communities. Up until now from a regional perspective, ecological concerns of pollution and resource depletion have generally been part of the overall management approach to agriculture and regional economic development – more successful in some places and some time periods than others, but still part of the existing economic paradigm. Greenhouse is “the inconvenient truth” that now faces all regional communities, but its existing economic paradigm is clearly inappropriate for responding effectively and timely to this ecological concern. A completely different economic framework, based on economic activity that is satisficing (under conditions of ecological uncertainty) rather than optimising (under conditions of calculable risk) is required to address the ecological concerns of the future. An “eco-sustainable framework” is developed in this paper which sets out an innovation policy aimed at satisficing towards sustainable regional development from an Australian high-emission economy perspective. The framework is based on the work of two economists, Micha
- Description: 2003006404
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