Ecological economics at a crossroads
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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References listed on IDEAS
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- John M. Gowdy, 2004.
"The Revolution in Welfare Economics and Its Implications for Environmental Valuation and Policy,"
University of Wisconsin Press, vol. 80(2), pages 239-257.
- 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.
- Daniel Kahneman, 2003. "Maps of Bounded Rationality: Psychology for Behavioral Economics," American Economic Review, American Economic Association, vol. 93(5), pages 1449-1475, December.
- Gintis, Herbert, 2000. "Beyond Homo economicus: evidence from experimental economics," Ecological Economics, Elsevier, vol. 35(3), pages 311-322, December.
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