Based primarily on the analysis of derivatives, this work emphasizes relative- value and hedging ideas applied to different financial instruments. It demonstrates how to take the basic ideas of arbitrage theory and apply them to the design and analysis of financial products.
Earth overshoot will end either by design or by disaster. Which future should we choose? Earth is in overshoot. The cumulative impact of 8 billion humans combined with the relentless pursuit of economic growth in the name of "progress" has stressed the planet beyond its limits. We must act now. Surveying economic alternatives and charting plausible paths forward for a planned economic contraction, Escape from Overshoot covers a wide terrain, Incorporating over 150 informative diagrams and illustrations, this compelling and provocative work is required reading for students and professionals grappling with specific manifestations of overshoot including climate change, biodiversity loss, food and freshwater shortages. It's also essential for all people concerned about the deteriorating state of societies and the environment and seeking an equitable way out.
This study, originally published in 1972, examines the connections between human society and the rest of the universe that are attributable to economic activity. These include the inputs from the environment to industry, such as oxygen, used in the combustion of mineral fuels. Also included are the industrial outputs which are fed back into the environment in the form of waste products. An attempt will be made to establish functional relations between the extent and character of economic activity and the flow of materials in both directions between the economy and the environment. This title will be of interest to students of environmental and natural resource economics.