BiblioVault - Books by Nordhaus, William

A New Architecture for the U.S. National Accounts

Edited by Dale W. Jorgenson, J. Steven Landefeld, and William D. Nordhaus

University of Chicago Press, 2006

A New Architecture for the U.S. National Accounts brings together a distinguished group of contributors to initiate the development of a comprehensive and fully integrated set of United States national accounts. The purpose of the new architecture is not only to integrate the existing systems of accounts, but also to identify gaps and inconsistencies and expand and incorporate systems of nonmarket accounts with the core system.

Since the United States economy accounts for almost thirty percent of the world economy, it is not surprising that accounting for this huge and diverse set of economic activities requires a decentralized statistical system. This volume outlines the major assignments among institutions that include the Bureau of Economic Analysis, the Bureau of Labor Statistics, the Department of Labor, the Census Bureau, and the Governors of the Federal Reserve System.

An important part of the motivation for the new architecture is to integrate the different components and make them consistent. This volume is the first step toward achieving that goal.

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Science Magazine's State of the Planet 2008-2009

with a Special Section on Energy and Sustainability

Edited by Donald Kennedy and the Editors of Science

Island Press, 2009

Taken from the pages of Science and supplemented by contributions from the magazine’s editors, State of the Planet 2008-2009 offers contemporary science writing that is sometimes provocative, frequently enlightening, and always authoritative. Published by the American Association for the Advancement of Science (AAAS), Science is one of the most respected scientific magazines in the world. With a readership of more than one million people, it offers “hard science” from top scientists to both educated lay readers and scientists alike. The articles collected here are arranged thematically and each section is introduced by a prominent scientist or science writer. Donald Kennedy, who was Editor-in-Chief of Science when these articles appeared in the magazine, contributes a preface and several short essays. Focusing on issues of energy and sustainability, sections of the volume are devoted to the prospects of energy-sparing technologies and alternatives to fossil fuel use, including ethanol and cellulosic digestion. Other sections center on climate change, led by a comprehensive essay on the state of scientific knowledge today and followed by contributions about the Antarctic and Greenland ice sheets, as well as the effects of climate change that have been measured to date, including changes in migration and breeding cycles of birds and flowering in plants, changing patterns of hurricanes and extreme weather events, and alterations in forest fire frequency. Interspersed throughout the book are Science news pieces that highlight particular issues and cases relevant to the main scientific findings. A glossary of key terms and concepts helps students and nonspecialists better understand the terminology and the issues.

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Toward a New Iron Age?

Quantitative Modeling of Resource Exhaustion

Robert B. Gordon, Tjalling C. Koopmans, William D. Nordhaus, and Brian J. Skinner

Harvard University Press, 1987

Experts agree that the earth will eventually run out of certain low-cost, nonrenewable resources, possibly as early as a century from now. Will the transition to reliance on other, more abundant resources be smooth or discontinuous? Might industrial societies experience a marked decline in living standards—a radically different kind of society from the one we now know? Geologists maintain that once inexpensive high-grade resources are exhausted, economic growth will slow. Economists are more optimistic: they believe that new technologies and materials will be substituted rapidly enough to prevent minor economic dislocations.

Toward a New Iron Age? takes an important step toward reconciling these divergent views. It is the most comprehensive study of the economic consequences of resource depletion—in particular, it is a thorough exploration of the prospects for one key metal, copper. The authors draw on geological and engineering data to calculate the resources now available and to assess the feasibility of substituting alternatives. Using linear programming and a range of hypothetical base conditions, they are able to estimate the course, through the next century and beyond, of several crucial factors: the rate at which copper resources will be used and when they will be depleted; how the price of the metal will fluctuate; when alternative materials will be substituted, in what patterns, and at what costs. By the late twenty-first century, the authors believe, low-cost copper will no longer be available. Industrial societies will have to operate on more abundant resources such as iron, silica, and aluminum. They will enter, in short, a New Iron Age.

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