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Green CapitalA New Perspective on Growth$
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Christian de Perthuis and Pierre-André Jouvet

Print publication date: 2015

Print ISBN-13: 9780231171403

Published to Columbia Scholarship Online: May 2016

DOI: 10.7312/columbia/9780231171403.001.0001

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Planning or the Market

Planning or the Market

What Are the Catalysts?

(p.197) 18 Planning or the Market
Green Capital

Christian de Perthuis

Pierre-André Jouvet

, Michael Westlake
Columbia University Press

This chapter returns to the concrete conditions required to foster growth based on the ascription of value to green capital, leading eventually to a self-reproducing, fully functional economy. The forces to be set in motion will emerge neither from spontaneous market action nor from deliberate action by planners. Instead their guiding principles will be the large-scale deployment of environmental pricing, reorientation of public support toward research and development, new choices in terms of infrastructure, and the introduction of greater intelligence into networks, as well as training, the organization of professional retraining, and social acceptance, without which a collective transition project cannot be constructed.

Keywords:   Circular economy, Cradle to Cradle, Factor Five, public investment, long term governance, Ostrom

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