Ecosystems, strong sustainability and the classical circular economy
In this article I argue that notions such as ecosystem services and strong sustainability can be best understood and developed within the theoretical framework advanced by the classical political economists, in which a circular conception of the economy is provided. I also argue that the development of notions such as ecosystem services and strong sustainability has been constrained by the dominance of neoclassical economics, which provides a linear conception of the economy and leads to an emphasis on weak sustainability, which in turn springs from an emphasis on substitutability and aggregate capital. When assessing the relevance of classical political economy for studying ecosystem services and strong sustainability I consider not only the contributions of the classical political economists, but also more recent contributions which draw upon the classical perspective, such as Piero Sraffa's and Amartya Sen's.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
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.:
- de Groot, Rudolf S. & Wilson, Matthew A. & Boumans, Roelof M. J., 2002. "A typology for the classification, description and valuation of ecosystem functions, goods and services," Ecological Economics, Elsevier, vol. 41(3), pages 393-408, June.
- Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 70(1), pages 65-94.
- Harcourt,G. C., 1972.
"Some Cambridge Controversies in the Theory of Capital,"
Cambridge University Press, number 9780521096720, December.
- Harcourt, G C, 1969. "Some Cambridge Controversies in the Theory of Capital," Journal of Economic Literature, American Economic Association, vol. 7(2), pages 369-405, June.
- 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.
- Ballet, Jérôme & Koffi, Jean-Marcel & Pelenc, Jérôme, 2013. "Environment, justice and the capability approach," Ecological Economics, Elsevier, vol. 85(C), pages 28-34.
- Jérôme J. Ballet & J.-M. Koffi & Jérôme Pelenc, 2013. "Environment, justice and the capability approach," ULB Institutional Repository 2013/218340, ULB -- Universite Libre de Bruxelles.
- Vivian Walsh, 2000. "Smith After Sen," Review of Political Economy, Taylor & Francis Journals, vol. 12(1), pages 5-25.
- ., 1999. "The assessment of capital adequacy," Chapters,in: Handbook of Banking Regulation and Supervision in the United Kingdom, chapter 17 Edward Elgar Publishing.
- Norgaard, Richard B., 2010. "Ecosystem services: From eye-opening metaphor to complexity blinder," Ecological Economics, Elsevier, vol. 69(6), pages 1219-1227, April.
- Ricardo, David, 1821. "On the Principles of Political Economy and Taxation," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, edition 3, number ricardo1821.
- Vivian Walsh, 2003. "Sen after Putnam," Review of Political Economy, Taylor & Francis Journals, vol. 15(3), pages 315-394.
- Pelenc, Jérôme & Ballet, Jérôme, 2015. "Strong sustainability, critical natural capital and the capability approach," Ecological Economics, Elsevier, vol. 112(C), pages 36-44.
- Jérôme Ballet & Jérôme Pelenc, 2015. "Strong sustainability, critical natural capital and the capability approach," Post-Print hal-01187302, HAL.
- Ballet, Jérôme & Bazin, Damien & Dubois, Jean-Luc & Mahieu, François-Régis, 2011. "A note on sustainability economics and the capability approach," Ecological Economics, Elsevier, vol. 70(11), pages 1831-1834, September.
- Damien Bazin & Jérôme Ballet & Jean-Luc Dubois & François-Régis Mahieu, 2011. "A Note on Sustainability Economics and the Capability Approach," Post-Print halshs-00727341, HAL.
- Polishchuk, Yuliana & Rauschmayer, Felix, 2012. "Beyond “benefits”? Looking at ecosystem services through the capability approach," Ecological Economics, Elsevier, vol. 81(C), pages 103-111.
- Demals, Thierry & Hyard, Alexandra, 2014. "Is Amartya Sen's sustainable freedom a broader vision of sustainability?," Ecological Economics, Elsevier, vol. 102(C), pages 33-38.
- Amartya Sen, 2005. "Walsh on Sen after Putnam," Review of Political Economy, Taylor & Francis Journals, vol. 17(1), pages 107-113.
- Vivian Walsh, 2008. "Freedom, Values and Sen: Towards a Morally Enriched Classical Economic Theory," Review of Political Economy, Taylor & Francis Journals, vol. 20(2), pages 199-232.
- Birkin, Frank & Polesie, Thomas, 2013. "The relevance of epistemic analysis to sustainability economics and the capability approach," Ecological Economics, Elsevier, vol. 89(C), pages 144-152.
- Ronald L. Meek, 1961. "Mr. Sraffa'S Rehabilitation Of Classical Economics1," Scottish Journal of Political Economy, Scottish Economic Society, vol. 8(2), pages 119-136, June.
- Martins, Nuno, 2011. "Sustainability economics, ontology and the capability approach," Ecological Economics, Elsevier, vol. 72(C), pages 1-4.
- Martha Nussbaum, 2003. "Tragedy and Human Capabilities: A response to Vivian Walsh," Review of Political Economy, Taylor & Francis Journals, vol. 15(3), pages 413-418. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:eee:ecolec:v:129:y:2016:i:c:p:32-39. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.