Book Review: Sustainability – We Need to Talk

counting system concerning financial reporting and financial management. With regard to the importance of applied economics, therefore, one cannot separate economics, business and management. Likewise, the author combined the concept in economic theories and its applications to contribute to these theories in other fields. Using these theories, the relationship between management and economics was explored with contexts and implications on market structure and industries, thus providing a clear linkage between economics and business administration (Daft, 2008). With the given contribution, there are weaknesses, which include missing exercises at the end of each chapter, among others. Exercise usefulness to students and instructors at colleges or universities remains inadequate because of the gap that should be covered by providing exercise questions to enhance understanding of the subject matter. This book elaborates on Ostrom’s principles for managing commons. However, detailed understanding of this context belong to new institutional economics where the main focus is market and rationality, which the author admitted that it was beyond the book’s scope. Based on Ostrom’s findings (p. 136), there is a further debate on common goods could be applied in institutional governance. Notwithstanding the book’s prominent contribution, chapter 4 has failed to provide rigorous discussion on demand and supply factors such as tax, interest rates and regulations. The author has to explain how the modern economy is driven by different taxation approaches that affect consumers and producers. Reserve banks have also experienced fast economic growth; thus, other monetary policies have been issued, which include the change of interest rates associated with various regulations in different sectors.