Climate Change and Economics 101: Teaching the Greatest Market Failure

Liu, John Chung‐En; Bauman, Yoram; Chuang, Yating

doi:10.3390/su11051340

Cited by 5 publications

(3 citation statements)

References 38 publications

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“…The result shows that economics offers a consistent theoretical framework—externality—to explain climate change and other environmental problems, and prominent policy tools such as emission trading and pollution tax are taught universally across all texts. Some textbooks even connect climate change with specific topics such as cost-benefit analysis or international negotiation with in-depth discussions (Liu, Bauman, and Chuang 2019). Overall, an average introductory economics course covers much more about climate change than sociology.…”

Section: Resultsmentioning

confidence: 99%

Now Is the Time to Add More Sociology of Climate Change to Our Introduction to Sociology Courses

Liu

Szasz

2019

Teach Sociol

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Sociology has been slow in responding to the challenge of climate change. In this conversation, we advocate adding more climate change content to Introduction to Sociology courses. To support our arguments, we present data from a content analysis of the top 11 best-selling introductory textbooks in the United States, demonstrating that environmental concerns are usually relegated to the end of books, which provide little (and sometime errant) content. Climate change gets even less attention, and there has been little change to textbook content over time. To correct such deficiencies, we suggest instructors free climate change from its current position as “a subfield of a subfield” and interweave the issue with all content areas in the curriculum. Our conversation concludes by considering how climate change can be featured in the curriculum of introductory courses as well as in the pedagogies presented at the introductory level.

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Section: Resultsmentioning

confidence: 99%

Now Is the Time to Add More Sociology of Climate Change to Our Introduction to Sociology Courses

Liu

Szasz

2019

Teach Sociol

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“…Yet, climate and sustainability remain at the periphery in most general introductory materials. Recent research on college textbooks shows that climate change only receives unsatisfactory coverage in biology (Ansari and Landin, 2022), economics (Liu et al , 2019) and sociology (Liu and Szasz 2019). Even in general science courses, the textbooks dedicate less than 4% of page space to energy technologies, climate change and related environmental issues (Yoho and Rittmann, 2018).…”

Section: Discussionmentioning

confidence: 99%

A comprehensive review of environmental, sustainability and climate change curriculum in Taiwan’s higher education institutions

Liu,

Kan

2023

IJSHE

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Purpose This study aims to evaluate the current situation of education for sustainable development, climate change education and environmental education in a nationwide context. Methodologically, this study calls for more research to go beyond case studies and take a similar approach to examine university curricula and facilitate cross-country comparisons. Design/methodology/approach This paper examines the status of climate and sustainability curricula in Taiwan’s higher education system. Using the course catalog for the 2020–2021 academic year, the authors constructed a unique data set that includes 1,827 courses at 29 major universities in Taiwan. In each institution, the authors search for course titles that include “climate,” “sustainable/sustainability” and “environment/environmental” as keywords and code the courses according to their disciplines. Findings The finding highlights the variations across institutional types and subject matters. Public universities have an average of 4.94 related courses per 1,000 students, whereas private universities have only 3.13. In general, the relevant courses are more concentrated in the STEM and bioscience fields. The curricula, however, are seriously constrained by the disciplinary structure and foster few transdisciplinary perspectives. Originality/value The authors seek to go beyond case studies and offer one of the most comprehensive curricula samples at the national level. Taiwan adds an important data point, as the current literature focuses heavily on the USA and Europe.

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“…carbon taxes) or market-creating (e.g. cap-and-trade) strategies that would "internalize" this externality (Liu et al, 2019). The first is the world of Pigou where a penalty on carbon emissions incentivizes firms and individuals to switch to lower carbon alternatives, while the second is the world of Coase where total allowable emissions are set in advance and permits to pollute are either allocated or auctioned to firms.…”

Section: Introductionmentioning

confidence: 99%

Monetary architecture and the Green Transition

Murau,

Haas,

Guter-Sandu

2023

Environ Plan A

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How to finance the Green Transition toward net-zero carbon emissions remains an open question. The literature either operates within a market-failure paradigm that calls for carbon taxes or cap-and-trade to help markets correct themselves, or via war finance analogies that offer a “triad” of state intervention possibilities: taxation, treasury borrowing, and central bank money creation. These frameworks often lack a thorough conceptualization of endogenous credit money creation and disregard the systemic and procedural dimensions of financing the Green Transition. We propose “Monetary Architecture” as a more comprehensive framework that perceives the monetary and financial system as a constantly evolving and historically specific hierarchical web of interlocking balance sheets. Using the United States as a case study, we stress the importance of a systemic financing dimension that uses all available elasticity space in the monetary architecture while considering a division of labor between firefighting balance sheets such as central banks or treasuries and workhorse balance sheets such as off-balance-sheet fiscal agencies or shadow banks. Procedurally, public workhorses should provide an initial balance sheet expansion and crowd in the rest of the monetary architecture, notably shadow banks, for long-term funding. Firefighters should prevent systemic instability and manage a possible final contraction.

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Climate Change and Economics 101: Teaching the Greatest Market Failure

Cited by 5 publications

References 38 publications

Now Is the Time to Add More Sociology of Climate Change to Our Introduction to Sociology Courses

Now Is the Time to Add More Sociology of Climate Change to Our Introduction to Sociology Courses

A comprehensive review of environmental, sustainability and climate change curriculum in Taiwan’s higher education institutions

Monetary architecture and the Green Transition

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