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Institutions for sustainability—Towards an expanded research program for ecological economics

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  • Vatn, Arild

Abstract

Ecological economists are engaged in developing foundations for a sustainable future. To further develop our ability to deliver, I propose that we expand our analyses by a) drawing more on institutional theory and b) include also political processes in our research. The present political-economic system is unable to ensure sustainable futures. The paper argues that the root of the problem lies in its institutional structures. I illustrate possible changes to these that could take societies onto a sustainable development path. Focus here is on creating institutions able to strengthen the role of the future in decision-making. Here I focus on both political and economic institutions, illustrating how a change in these could ensure sustainability. I also discuss changes in environmental regulation strategies. The analyses of different options are used to illustrate what kind of studies are needed to advance sustainability. They form the basis for specifying directions that ecological economics could take to further support a necessary societal transformation process.

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  • Vatn, Arild, 2020. "Institutions for sustainability—Towards an expanded research program for ecological economics," Ecological Economics, Elsevier, vol. 168(C).
    • Handle: RePEc:eee:ecolec:v:168:y:2020:i:c:s0921800919306706
    DOI: 10.1016/j.ecolecon.2019.106507
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    1. > Schools of Economic Thought, Epistemology of Economics > Heterodox Approaches > Ecological Economics

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    2. Allain, Sandrine & Salliou, Nicolas, 2022. "Making differences legible: Incommensurability as a vehicle for sustainable landscape management," Ecological Economics, Elsevier, vol. 191(C).
    3. Hukkinen, Janne I. & Eronen, Jussi T. & Janasik, Nina & Järvensivu, Paavo & Kaaronen, Roope O., 2022. "Coping with policy errors in an era of chronic socio-environmental crises," Ecological Economics, Elsevier, vol. 199(C).
    4. Lundgren, Jakob, 2022. "Unity through disunity: Strengths, values, and tensions in the disciplinary discourse of ecological economics," Ecological Economics, Elsevier, vol. 191(C).
    5. García-García, Pablo & Buendía, Luis & Carpintero, Óscar, 2022. "Welfare regimes as enablers of just energy transitions: Revisiting and testing the hypothesis of synergy for Europe," Ecological Economics, Elsevier, vol. 197(C).
    6. Gaygysyz Ashyrov & Helen Poltimäe, 2022. "Does Corruption Hinder Firm Energy Efficiency? Evidence From Vietnam," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 137, Faculty of Economics and Business Administration, University of Tartu (Estonia).

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