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Ecological Economics at a Crossroads

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Author Info
John M. Gowdy () (Department of Economics, Rensselaer Polytechnic Institute, Troy, NY 12180-3590, USA)
Jon D. Erickson () (School of Natural Resources, University of Vermont, Burlington, VT 05405, USA)

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Abstract

During the past decade theoretical and empirical advances in neoclassical economics have resulted in the virtual rejection of the two pillars of traditional welfare economics-- rational economic man and perfect competition. Surprisingly, many ecological economists are moving closer to the discredited neo-Walrasian welfare model just at the time it is being replaced within the mainstream. We call for a return to the roots of ecological economics and an engagement with current developments in mainstream theory.

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Paper provided by Rensselaer Polytechnic Institute, Department of Economics in its series Rensselaer Working Papers in Economics with number 0417.

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Date of creation: Jun 2004
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Handle: RePEc:rpi:rpiwpe:0417

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This paper has been announced in the following NEP Reports: References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Daniel Kahneman, 2003. "Maps of Bounded Rationality: Psychology for Behavioral Economics," American Economic Review, American Economic Association, vol. 93(5), pages 1449-1475, December. [Downloadable!]
  2. John M. Gowdy, 2003. "The Revolution in Welfare Economics and its Implications for Environmental Valuation and Policy," Rensselaer Working Papers in Economics 0315, Rensselaer Polytechnic Institute, Department of Economics. [Downloadable!]
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  3. Gintis, Herbert, 2000. "Beyond Homo economicus: evidence from experimental economics," Ecological Economics, Elsevier, vol. 35(3), pages 311-322, December. [Downloadable!] (restricted)
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  1. Alexander Harin, 2005. "A Rational Irrational Man," Public Economics 0511005, EconWPA. [Downloadable!]
  2. Kevin Marechal & 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, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB). [Downloadable!]
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This page was last updated on 2009-11-17.

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