A Catastrophe for Capitalism

A road map for natural capitalism.

No one would run a business without accounting for its capital outlays. Yet most companies overlook one major capital component--the value of the earth's ecosystem services. It is a staggering omission; recent calculations place the value of the earth's total ecosystem services--water storage, atmosphere regulation, climate control, and so on--at $33 trillion a year. Not accounting for those co...

A Buddhist future for capitalism? Revising Buddhist economics for the era of light capitalism

This paper discusses Buddhist economics as a potential future for capitalism. In the 1970s, EF Schumacher proposed a form of Buddhist economics aimed at smallness, simplicity and non-violence. The major contribution of the present paper is to revise and update Schumacher’s and others’ work on Buddhist economics, first because of the changing spirit of capitalism from heavy to light capitalism a...

[Catastrophe planning for hospitals].

Pricing Catastrophe Reinsurance with Reinstatement Provisions Using a Catastrophe Model

In recent years catastrophe reinsurers' use of catastrophe models has been increasing until currently virtually all of the catastrophe reinsurers in the world use a catastrophe model to aid them in their pricing and portfolio management decisions. This paper explicitly models various types of reinstatement provisions, including reinstatements that are limited by the number of occurrences and by...

A cusp catastrophe model

A cusp catastrophe model Y. Xiao et al.