Economics as a discipline has achieved tremendous prominence in last over 200 years vis-a-vis oth... more Economics as a discipline has achieved tremendous prominence in last over 200 years vis-a-vis other social sciences like political science and philosophy which have a much longer history as a discipline. Veracity of Economics as a scientific study has been questioned by few of the major economic events whether it was the Great Depression of 1929 or financial crisis of 2008. In this paper we are investigating major welfare theoretical framework propounded by economist. Paradigm shift is imperative to formulate holistic indices to measure the public welfare in trans-disciplinary manner.
India has been galloping swiftly towards the attainment of developmental goals in all the spheres... more India has been galloping swiftly towards the attainment of developmental goals in all the spheres which has led to the coexistence of the perils consequent to the developmental strategies. One of such issues is the massive generation of ''electronic waste" (henceforth e-waste) with the unavailability of effective and efficient methods to dispose them off. Alterations in the lifestyle of the Indian population has contributed immensely to the e-waste generated annually in India amounting close to 3 million tonnes, making India bag the position of the third largest e-waste generating country in the world following China and USA. But evidently the most worrisome stanza is the fact that India recycles only less than 2 percent of its e-waste generated annually as against the global figure of 20 percent. Further, provided its hazardous effect on human health and environment in the absence of its sufficient and efficient management, along with the prospects and huge potential to produce recycled metals such as Iron and steel, Plastic and other non-ferrous metals, it is the need of the hour to have appropriate policies and strategies in place followed by strict implementation. India's commitment to attain the SDGs 2030 (specifically, goals 3, 6, 8, 11, 12 and 14) will partially depend on how well India manages its e-waste in the coming few years. The present paper is an effort to highlight the importance of e-waste management for attaining the SDGs 2030 and also for suggesting some strategies to efficiently manage e-waste in future.
Asian Journal of Research in Social Sciences and Humanities, 2015
Environmental management has emerged as one of the principle agenda of 21st century. Rapid growth... more Environmental management has emerged as one of the principle agenda of 21st century. Rapid growth of production with a set of finite availability of resources, innovations of new and better technologies, emergence of new pollutant and their ever changing nature, increasing population and trans boundary nature of pollution has necessitated the creation of a strong policy framework to tackle this challenging task. In this paper we have made an attempt to provide a comprehensive view of prevalent policy framework for environmental management in India.
Although environmental economics is a new area of research emerging very fast, there is vast lite... more Although environmental economics is a new area of research emerging very fast, there is vast literature available in this field. In this paper we are trying to provide a comprehensive view of the development of environmental economics, ranging from the greats of Malthus to modern economists. Of course, we are confining to important research works of this discipline in general and the application of the concepts of environmental economics for abating water pollution in particular.
International Journal of Innovative Research and Development, Sep 11, 2014
Theoretically, an economic instrument to control pollution is used to change the producer’s strat... more Theoretically, an economic instrument to control pollution is used to change the producer’s strategy. The socially optimal level of control is where marginal benefits (MSB) equals the marginal social cost(MSC) of control. But practically it is very difficult to estimate MSB and MSC of pollution control (as pointed out by Coase 1964). In this paper attempt has been made to estimate MSB and MSC by estimating shadow prices from the Cost and Production Functions of Indian Paper Industry. Estimated results make a strong case for economic incentives for environmental protection.
Asian Journal of Research in Social Sciences and Humanities, 2014
Although legal standards are in place for socially acceptable ambient concentration level of a po... more Although legal standards are in place for socially acceptable ambient concentration level of a pollutant, a firm has an incentive to shirk on pollution control as huge costs are at stake Profit being the objective of firm, which comes from a market price which does not reflect society`s preferences for environmental protection. Therefore, producer has no incentive to supply the socially optimal level of pollution control. Hence, it is imperative on the part of economists to provide an incentive based alternative to inflexible CAC regulations. Present study attempts to design pollutant specific tax rates to advocate the use of economic instrument for water pollution management.
Economics as a discipline has achieved tremendous prominence in last over 200 years vis-a-vis oth... more Economics as a discipline has achieved tremendous prominence in last over 200 years vis-a-vis other social sciences like political science and philosophy which have a much longer history as a discipline. Veracity of Economics as a scientific study has been questioned by few of the major economic events whether it was the Great Depression of 1929 or financial crisis of 2008. In this paper we are investigating major welfare theoretical framework propounded by economist. Paradigm shift is imperative to formulate holistic indices to measure the public welfare in trans-disciplinary manner.
India has been galloping swiftly towards the attainment of developmental goals in all the spheres... more India has been galloping swiftly towards the attainment of developmental goals in all the spheres which has led to the coexistence of the perils consequent to the developmental strategies. One of such issues is the massive generation of ''electronic waste" (henceforth e-waste) with the unavailability of effective and efficient methods to dispose them off. Alterations in the lifestyle of the Indian population has contributed immensely to the e-waste generated annually in India amounting close to 3 million tonnes, making India bag the position of the third largest e-waste generating country in the world following China and USA. But evidently the most worrisome stanza is the fact that India recycles only less than 2 percent of its e-waste generated annually as against the global figure of 20 percent. Further, provided its hazardous effect on human health and environment in the absence of its sufficient and efficient management, along with the prospects and huge potential to produce recycled metals such as Iron and steel, Plastic and other non-ferrous metals, it is the need of the hour to have appropriate policies and strategies in place followed by strict implementation. India's commitment to attain the SDGs 2030 (specifically, goals 3, 6, 8, 11, 12 and 14) will partially depend on how well India manages its e-waste in the coming few years. The present paper is an effort to highlight the importance of e-waste management for attaining the SDGs 2030 and also for suggesting some strategies to efficiently manage e-waste in future.
Asian Journal of Research in Social Sciences and Humanities, 2015
Environmental management has emerged as one of the principle agenda of 21st century. Rapid growth... more Environmental management has emerged as one of the principle agenda of 21st century. Rapid growth of production with a set of finite availability of resources, innovations of new and better technologies, emergence of new pollutant and their ever changing nature, increasing population and trans boundary nature of pollution has necessitated the creation of a strong policy framework to tackle this challenging task. In this paper we have made an attempt to provide a comprehensive view of prevalent policy framework for environmental management in India.
Although environmental economics is a new area of research emerging very fast, there is vast lite... more Although environmental economics is a new area of research emerging very fast, there is vast literature available in this field. In this paper we are trying to provide a comprehensive view of the development of environmental economics, ranging from the greats of Malthus to modern economists. Of course, we are confining to important research works of this discipline in general and the application of the concepts of environmental economics for abating water pollution in particular.
International Journal of Innovative Research and Development, Sep 11, 2014
Theoretically, an economic instrument to control pollution is used to change the producer’s strat... more Theoretically, an economic instrument to control pollution is used to change the producer’s strategy. The socially optimal level of control is where marginal benefits (MSB) equals the marginal social cost(MSC) of control. But practically it is very difficult to estimate MSB and MSC of pollution control (as pointed out by Coase 1964). In this paper attempt has been made to estimate MSB and MSC by estimating shadow prices from the Cost and Production Functions of Indian Paper Industry. Estimated results make a strong case for economic incentives for environmental protection.
Asian Journal of Research in Social Sciences and Humanities, 2014
Although legal standards are in place for socially acceptable ambient concentration level of a po... more Although legal standards are in place for socially acceptable ambient concentration level of a pollutant, a firm has an incentive to shirk on pollution control as huge costs are at stake Profit being the objective of firm, which comes from a market price which does not reflect society`s preferences for environmental protection. Therefore, producer has no incentive to supply the socially optimal level of pollution control. Hence, it is imperative on the part of economists to provide an incentive based alternative to inflexible CAC regulations. Present study attempts to design pollutant specific tax rates to advocate the use of economic instrument for water pollution management.
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