Herman Daly and John Cobb, for the Common Good--- Redirecting the Economy toward Community, the Environment, and a Sustainable Future, Beacon Press, 1994.

The aim of the project is to translate the book into Chinese version in which is entitled “For the Common Good: Redirecting the Economy toward Community, the Environment, and a Sustainable Future,”written by Herman Daly and Jr. John. Cobb, and published in 1994. In the book, Daly and Cobb first discuss the assumptions and fallacies of the theoretical models developed in the mainstream Economics in which governing most of the economic research. In the last half of the book, they discuss how to direct the contemporary economic policy toward their economic goal of a society based on community and ecological consideration. An appendix included in the book is to depict an “Index of Sustainable Economic Welfare”constructed by the authors, and to supplant Gross National Product as a measure of economic well-being. Many academic journals ignored it simply when the book appeared in 1989. However, economists, even including mainstream neoclassical economists, are beginning to accept ecologists’assertions in which indicate the importance of maintaining a healthy environmental resource base. Respectively, Robert Solow and Kenneth Arrow pointed out the need to have a more careful examination of accounting for biological consideration in the economic analytical model. (Solow 1994, Arrow et al. 1995, Turner and Tschirhart 1999). The project is planning to fulfill the following requirements: 1) to collect and study the literature related to the issues appeared in the book; 2) to finish an introduction of the Chinese version for the book; 3) to provide the completion of the Chinese version of the book originally written in English.

Project ID:PE9709-0828
External Project ID:NSC97-2420-H182-001