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Non-Market Coordination: Towards an Ecological Response to Austrian Economics

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Author Info
Dan Greenwood
Abstract

Although the ecological tradition tends to favour a substantive role for non-market institutions in securing objectives such as environmental sustainability, Green theorists have paid relatively little attention to the important challenge posed to such proposals by the pro-market arguments of Austrian economics. The methods of ecological economics, such as multiple criteria evaluation, offer important potential for responding to the Austrian thesis that democratic, non-market institutions face a coordination problem in the face of complexity. However, the development of an adequate ecological response to the Austrians requires clarification of the conceptual underpinnings and potential scope of such methods.

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Publisher Info
Article provided by White Horse Press in its journal Environmental Values.

Volume (Year): 17 (2008)
Issue (Month): 4 (November)
Pages: 521-541
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Handle: RePEc:env:journl:ev17:ev1728

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Web page: http://www.erica.demon.co.uk

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Related research
Keywords: Valuation; markets; commensurability; multiple criteria analysis; complexity;

Find related papers by JEL classification:
B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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This page was last updated on 2009-12-2.


This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.