The Approach of Ecological Economics
AbstractThis paper discusses the major tenets of ecological economics - including value pluralism, methodological pluralism, and multi-criteria policy assessment. Ecological economics offers viable alternatives to the theoretical foundations and policy recommendations of neoclassical welfare economics. A revolution in neoclassical economics is currently taking place and the core assumptions of welfare economics are being replaced with more realistic models of consumer and firm behavior. But we argue that these new theoretical and empirical findings are largely ignored in applied work and policy applications in environmental economics. As the only heterodox school of economics focusing on the human economy both as a social system and as one imbedded in the biophysical universe, and thus both holistic and scientifically based, ecological economics is poised to play a leading role in recasting the scope and method of economic science.
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Bibliographic InfoPaper provided by Rensselaer Polytechnic Institute, Department of Economics in its series Rensselaer Working Papers in Economics with number 0402.
Date of creation: Jan 2004
Date of revision:
Other versions of this item:
- NEP-ALL-2004-02-08 (All new papers)
- NEP-CBE-2004-02-08 (Cognitive & Behavioural Economics)
- NEP-ENV-2004-02-08 (Environmental Economics)
- NEP-HPE-2004-02-08 (History & Philosophy of 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, 2013.
"The Shallow or the Deep Ecological Economics Movement?,"
sre-disc-2013_01, Institute for the Environment and Regional Development, Department of Socioeconomics, Vienna University of Economics and Business.
- Spash, Clive L., 2013. "The shallow or the deep ecological economics movement?," Ecological Economics, Elsevier, vol. 93(C), pages 351-362.
- Ali DOUAI (GREThA-GRES) & Matthieu MONTALBAN (GREThA-GRES), 2009.
"Institutions and the environment: the case for a historical political economy,"
Cahiers du GRES
2009-07, Groupement de Recherches Economiques et Sociales.
- Ali DOUAI (GREThA UMR CNRS 5113) & Matthieu MONTALBAN (GREThA UMR CNRS 5113), 2009. "Institutions and the environment: the case for a historical political economy," Cahiers du GREThA 2009-12, Groupe de Recherche en Economie Théorique et Appliquée.
- Hodgson, Geoffrey M., 2010. "Darwinian coevolution of organizations and the environment," Ecological Economics, Elsevier, vol. 69(4), pages 700-706, February.
- Sevilla Jiménez, Martín & Torregrosa, Teresa & Moreno, Luis, 2010. "Un Panorama sobre la Economía del Agua/An Overview on Water Economy," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 28, pages 265-304, Agosto.
- Gómez-Baggethun, Erik & de Groot, Rudolf & Lomas, Pedro L. & Montes, Carlos, 2010. "The history of ecosystem services in economic theory and practice: From early notions to markets and payment schemes," Ecological Economics, Elsevier, vol. 69(6), pages 1209-1218, April.
- Christian Schubert & Andreas Chai, 2012. "Sustainable Consumption and Consumer Sovereignty," Papers on Economics and Evolution 2012-14, Max Planck Institute of Economics, Evolutionary Economics Group.
- Aviel Verbruggen, 2011. "Preparing the design of robust climate policy architectures," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 11(4), pages 275-295, November.
- Soleri, Daniela & Cleveland, David A. & Glasgow, Garrett & Sweeney, Stuart H. & Cuevas, Flavio Aragón & Fuentes, Mario R. & Ríos L., Humberto, 2008. "Testing assumptions underlying economic research on transgenic food crops for Third World farmers: Evidence from Cuba, Guatemala and Mexico," Ecological Economics, Elsevier, vol. 67(4), pages 667-682, November.
- Rezai, Armon & Taylor, Lance & Mechler, Reinhard, 2013.
"Ecological macroeconomics: An application to climate change,"
Elsevier, vol. 85(C), pages 69-76.
- Armon Rezai & Lance Taylor & Reinhard Mechler, 2012. "Ecological Macroeconomics: An application to climate change," SRE-Disc sre-disc-2012_06, Institute for the Environment and Regional Development, Department of Socioeconomics, Vienna University of Economics and Business.
- Venkatachalam, L., 2008. "Behavioral economics for environmental policy," Ecological Economics, Elsevier, vol. 67(4), pages 640-645, November.
- Nathalie Lazaric & Kevin Maréchal, 2010. "Overcoming inertia: insights from evolutionary economics into improved energy and climate policy," Post-Print hal-00452205, HAL.
- Kevin Maréchal & Hélène Aubaret-Joachain & Jean-Paul Ledant, 2008. "The influence of Economics on agricultural systems: an evolutionary and ecological perspective," Working Papers CEB 08-028.RS, ULB -- Universite Libre de Bruxelles.
- Buchholz, Thomas S. & Volk, Timothy A. & Luzadis, Valerie A., 2007. "A participatory systems approach to modeling social, economic, and ecological components of bioenergy," Energy Policy, Elsevier, vol. 35(12), pages 6084-6094, December.
- Gual, Miguel A. & Norgaard, Richard B., 2010. "Bridging ecological and social systems coevolution: A review and proposal," Ecological Economics, Elsevier, vol. 69(4), pages 707-717, February.
- Castro e Silva, Manuela & Teixeira, Aurora A.C., 2011. "A bibliometric account of the evolution of EE in the last two decades: Is ecological economics (becoming) a post-normal science?," Ecological Economics, Elsevier, vol. 70(5), pages 849-862, March.
- Anderson, Blake & M'Gonigle, Michael, 2012. "Does ecological economics have a future?," Ecological Economics, Elsevier, vol. 84(C), pages 37-48.
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