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Environmental Economics, Ecological Economics, and the Concept of Sustainable Development

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  • Giuseppe Munda

Abstract

This paper presents a systematic discussion, mainly for non-economists, on economic approaches to the concept of sustainable development. As a first step, the concept of sustainability is extensively discussed. As a second step, the argument that it is not possible to consider sustainability only from an economic or ecological point of view is defended; issues such as economic-ecological integration, inter-generational and intra-generational equity are considered of fundamental importance. Two different economic approaches to environmental issues, i.e. neo-classical environmental economics and ecological economics, are compared. Some key differences such as weak versus strong sustainability, commensurability versus incommensurability and ethical neutrality versus different values acceptance are pointed out.

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Bibliographic Info

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

Volume (Year): 6 (1997)
Issue (Month): 2 (May)
Pages: 213-233

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Handle: RePEc:env:journl:ev6:ev611

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

Related research

Keywords: economics; post-normal science; co-evolution; in stitutional economics; sustainability; incommensurability;

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Citations

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography for Economics:
  1. > Schools of Economic Thought, Epistemology of Economics > Heterodox Approaches > Ecological Economics
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Cited by:
  1. Munda, Giuseppe, 2004. "Social multi-criteria evaluation: Methodological foundations and operational consequences," European Journal of Operational Research, Elsevier, Elsevier, vol. 158(3), pages 662-677, November.
  2. Clive L. Spash, 2012. "Ecological Economics and Philosophy of Science: Ontology, Epistemology, Methodology and Ideology," SRE-Disc, Institute for the Environment and Regional Development, Department of Socioeconomics, Vienna University of Economics and Business sre-disc-2012_03, Institute for the Environment and Regional Development, Department of Socioeconomics, Vienna University of Economics and Business.
  3. Drupp, Moritz A., 2011. "Does the Gold Standard label hold its promise in delivering higher Sustainable Development benefits? A multi-criteria comparison of CDM projects," Energy Policy, Elsevier, Elsevier, vol. 39(3), pages 1213-1227, March.
  4. Shi, Tian, 2002. "Ecological economics in China: origins, dilemmas and prospects," Ecological Economics, Elsevier, Elsevier, vol. 41(1), pages 5-20, April.
  5. Shi, Tian, 2004. "Ecological economics as a policy science: rhetoric or commitment towards an improved decision-making process on sustainability," Ecological Economics, Elsevier, Elsevier, vol. 48(1), pages 23-36, January.
  6. Caterina Cruciani & Silvio Giove & Mehmet Pinar & Matteo Sostero, 2012. "Constructing the FEEM Sustainability Index: A Choquet-Integral Application," Working Papers, Fondazione Eni Enrico Mattei 2012.50, Fondazione Eni Enrico Mattei.
  7. Padilla, Emilio, 2002. "Intergenerational equity and sustainability," Ecological Economics, Elsevier, Elsevier, vol. 41(1), pages 69-83, April.
  8. Rammel, Christian & van den Bergh, Jeroen C. J. M., 2003. "Evolutionary policies for sustainable development: adaptive flexibility and risk minimising," Ecological Economics, Elsevier, Elsevier, vol. 47(2-3), pages 121-133, December.
  9. Giuseppe Munda, 2003. "Social Multi-Criteria Evaluation (SMCE)," UHE Working papers 2003_04, Universitat Autònoma de Barcelona, Departament d'Economia i Història Econòmica, Unitat d'Història Econòmica.
  10. Martinez-Alier, Joan & Munda, Giuseppe & O'Neill, John, 1998. "Weak comparability of values as a foundation for ecological economics," Ecological Economics, Elsevier, Elsevier, vol. 26(3), pages 277-286, September.
  11. Gamini Herath, 2006. "Sustainable Development and the Precautionary Principle: the Australian Experience," Economics Series 2006_15, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
  12. Spash, Clive L. & Villena, Mauricio G., 1999. "Exploring the Approach of Institutional Economics to the Environment," MPRA Paper 17278, University Library of Munich, Germany.
  13. Bajmócy, Zoltán & Málovics, György, 2009. "A fenntarthatóság közgazdaságtani értelmezései
    [Economic interpretations of sustainability]
    ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 464-483.
  14. Clive L. Spash, 2012. "Towards the integration of social, economic and ecological knowledge," SRE-Disc, Institute for the Environment and Regional Development, Department of Socioeconomics, Vienna University of Economics and Business sre-disc-2012_04, Institute for the Environment and Regional Development, Department of Socioeconomics, Vienna University of Economics and Business.
  15. Wang, Sen, 2004. "One hundred faces of sustainable forest management," Forest Policy and Economics, Elsevier, Elsevier, vol. 6(3-4), pages 205-213, June.
  16. Rocío Cóndor & Antonino Scarelli & Riccardo Valentini, 2011. "Multicriteria Decision Aid to support Multilateral Environmental Agreements in assessing international forestry projects," International Environmental Agreements: Politics, Law and Economics, Springer, Springer, vol. 11(2), pages 117-137, May.

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