Environmental Economics, Ecological Economics, and the Concept of Sustainable Development
AbstractThis 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 InfoArticle provided by White Horse Press in its journal Environmental Values.
Volume (Year): 6 (1997)
Issue (Month): 2 (May)
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Web page: http://www.erica.demon.co.uk
economics; post-normal science; co-evolution; in stitutional economics; sustainability; incommensurability;
Find related papers by JEL classification:
- Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
- Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
- Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
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RePEc Biblio mentionsAs found on the RePEc Biblio, the curated bibliography for Economics:
- > Schools of Economic Thought, Epistemology of Economics > Heterodox Approaches > Ecological Economics
- Clive L. Spash, 2012. "Ecological Economics and Philosophy of Science: Ontology, Epistemology, Methodology and Ideology," SRE-Disc sre-disc-2012_03, Institute for the Environment and Regional Development, Department of Socioeconomics, Vienna University of Economics and Business.
- Spash, Clive L. & Villena, Mauricio G., 1999. "Exploring the Approach of Institutional Economics to the Environment," MPRA Paper 17278, University Library of Munich, Germany.
- Wang, Sen, 2004. "One hundred faces of sustainable forest management," Forest Policy and Economics, Elsevier, vol. 6(3-4), pages 205-213, June.
- Caterina Cruciani & Silvio Giove & Mehmet Pinar & Matteo Sostero, 2012.
"Constructing the FEEM Sustainability Index: A Choquet-Integral Application,"
2012.50, Fondazione Eni Enrico Mattei.
- Caterina Cruciani & Silvio Giove & Mehmet Pinar & Matteo Sostero, 2013. "Constructing the FEEM Sustainability Index: A Choquet-integral Application," Working Papers 2013.16, Fondazione Eni Enrico Mattei.
- Shi, Tian, 2004. "Ecological economics as a policy science: rhetoric or commitment towards an improved decision-making process on sustainability," Ecological Economics, Elsevier, vol. 48(1), pages 23-36, January.
- Munda, Giuseppe, 2004. "Social multi-criteria evaluation: Methodological foundations and operational consequences," European Journal of Operational Research, Elsevier, vol. 158(3), pages 662-677, November.
- Padilla, Emilio, 2002. "Intergenerational equity and sustainability," Ecological Economics, Elsevier, vol. 41(1), pages 69-83, April.
- Martinez-Alier, Joan & Munda, Giuseppe & O'Neill, John, 1998. "Weak comparability of values as a foundation for ecological economics," Ecological Economics, Elsevier, vol. 26(3), pages 277-286, September.
- 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.
- 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, vol. 39(3), pages 1213-1227, March.
- 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, vol. 11(2), pages 117-137, May.
- Shi, Tian, 2002. "Ecological economics in China: origins, dilemmas and prospects," Ecological Economics, Elsevier, vol. 41(1), pages 5-20, April.
- Clive L. Spash, 2012. "Towards the integration of social, economic and ecological knowledge," SRE-Disc sre-disc-2012_04, Institute for the Environment and Regional Development, Department of Socioeconomics, Vienna University of Economics and Business.
- 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.
- Rammel, Christian & van den Bergh, Jeroen C. J. M., 2003. "Evolutionary policies for sustainable development: adaptive flexibility and risk minimising," Ecological Economics, Elsevier, vol. 47(2-3), pages 121-133, December.
- 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.
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