The World Economy, Population Growth, and the Global Ecosystem

HARLAND WM. WHITMORE, JR. is currently Professor of Economics at the University of Cincinnati, USA. He has published several books in open economy macroeconomics, including Aggregate Economic Choice (1986), World Economy Macroeconomics (1997) and Global Environmental Economics (1999). For the last several years, he has also consulted with the U.S. Environmental Protection Agency, working on the integration of the macroeconomy with an ecological system. One outcome of this effort was the publication of a report Integration of an Economy under Imperfect Competition with a Twelve-Cell Ecological Model (EPA/600/R-06/046, July 2006).

Introduction The Global Ecosystem The Government Sectors The Household Sectors' Initial Choices The Nonrenewable Resource Industry The Capital Goods Industry The Consumption Goods Industry The Renewable Resource Industries The Banking Sectors Summary of  Production, Employment, Wages, and Prices Conventional and Green Measures of Income and Product Nonbank Sectors Revisited World's Financial Markets Implications of the World's Cash Flow Constraints End of Period Stocks Alternative Central Bank Policies Technical Change and Public Policies Summary and Conclusions