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The unfinished journey of ecological economics

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  • Nadeau, Robert L.

Abstract

The goal of the economists and ecologists who laid the conceptual foundations for ecological economics in the 1960s and 1970s was to create a scientifically informed discipline that could serve as the basis for coordinating economic activities in environmentally responsible ways. The aim of this article is to make a convincing case that the history of neoclassical economic theory provides a coherent basis for understanding why ecological economists must finish the journey begun by these economists and ecologists.

Suggested Citation

  • Nadeau, Robert L., 2015. "The unfinished journey of ecological economics," Ecological Economics, Elsevier, vol. 109(C), pages 101-108.
  • Handle: RePEc:eee:ecolec:v:109:y:2015:i:c:p:101-108
    DOI: 10.1016/j.ecolecon.2014.11.002
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    1. Soderbaum, P, 1990. "Neoclassical and Institutional Approaches to Agriculture, Environment and Development," 1990 Symposium, Agricultural Restructuring in Southern Africa, July 24-27, 1990, Swakopmund, Namibia 183532, International Association of Agricultural Economists.
    2. Clive L. Spash, 1999. "The Development of Environmental Thinking in Economics," Environmental Values, White Horse Press, vol. 8(4), pages 413-435, November.
    3. Daly, Herman E., 1992. "Allocation, distribution, and scale: towards an economics that is efficient, just, and sustainable," Ecological Economics, Elsevier, vol. 6(3), pages 185-193, December.
    4. David Colander, 2007. "Introduction to The Making of an Economist, Redux," Introductory Chapters, in: The Making of an Economist, Redux, Princeton University Press.
    5. Söderbaum, Peter, 2011. "Sustainability economics as a contested concept," Ecological Economics, Elsevier, vol. 70(6), pages 1019-1020, April.
    6. Arrow, Kenneth J. & Hahn, Frank, 1999. "Notes on Sequence Economies, Transaction Costs, and Uncertainty," Journal of Economic Theory, Elsevier, vol. 86(2), pages 203-218, June.
    7. Kubiszewski, Ida & Costanza, Robert & Franco, Carol & Lawn, Philip & Talberth, John & Jackson, Tim & Aylmer, Camille, 2013. "Beyond GDP: Measuring and achieving global genuine progress," Ecological Economics, Elsevier, vol. 93(C), pages 57-68.
    8. Spash, Clive L., 2012. "New foundations for ecological economics," Ecological Economics, Elsevier, vol. 77(C), pages 36-47.
    9. Ropke, Inge, 2005. "Trends in the development of ecological economics from the late 1980s to the early 2000s," Ecological Economics, Elsevier, vol. 55(2), pages 262-290, November.
    10. Sugden, Robert, 1991. "Rational Choice: A Survey of Contributions from Economics and Philosophy," Economic Journal, Royal Economic Society, vol. 101(407), pages 751-785, July.
    11. Costanza, Robert, 2002. "New Editor for Ecological Economics," Ecological Economics, Elsevier, vol. 42(3), pages 351-352, September.
    12. Edgeworth, Francis Ysidro, 1881. "Mathematical Psychics," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number edgeworth1881.
    13. O'Connor, Martin, 2000. "Pathways for environmental evaluation: a walk in the (Hanging) Gardens of Babylon," Ecological Economics, Elsevier, vol. 34(2), pages 175-193, August.
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    Cited by:

    1. Farrell, Katharine N. & Löw Beer, David, 2019. "Producing the ecological economy: A study in developing fiduciary principles supporting the application of flow-fund consistent investment criteria for sovereign wealth funds," Ecological Economics, Elsevier, vol. 165(C), pages 1-1.
    2. Melgar-Melgar, Rigo E. & Hall, Charles A.S., 2020. "Why ecological economics needs to return to its roots: The biophysical foundation of socio-economic systems," Ecological Economics, Elsevier, vol. 169(C).
    3. Farrell, Katharine N. & Silva-Macher, Jose Carlos, 2017. "Exploring Futures for Amazonia's Sierra del Divisor: An Environmental Valuation Triadics Approach to Analyzing Ecological Economic Decision Choices in the Context of Major Shifts in Boundary Condition," Ecological Economics, Elsevier, vol. 141(C), pages 166-179.
    4. Pirgmaier, Elke, 2017. "The Neoclassical Trojan Horse of Steady-State Economics," Ecological Economics, Elsevier, vol. 133(C), pages 52-61.
    5. Morgan, Jamie, 2017. "Piketty and the Growth Dilemma Revisited in the Context of Ecological Economics," Ecological Economics, Elsevier, vol. 136(C), pages 169-177.
    6. van Kerkhoff, Lorrae & Berry, Helen, 2016. "Serving the public good: Empirical links between governance and research investment in the context of global environmental change," Ecological Economics, Elsevier, vol. 125(C), pages 101-107.
    7. Sievers-Glotzbach, Stefanie & Tschersich, Julia, 2019. "Overcoming the process-structure divide in conceptions of Social-Ecological Transformation," Ecological Economics, Elsevier, vol. 164(C), pages 1-1.

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