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Incorporating Biophysical Foundations in a Hierarchical Model of Societal Metabolism

In: Post Keynesian and Ecological Economics

Author

Listed:
  • John Gowdy
  • Mario Giampietro
  • Jesus Ramos-Martin
  • Kozo Mayumi

Abstract

It is argued that mainstream economics, with its present methodological approach, is limited in its ability to analyze and develop adequate public policy to deal with current environmental problems and sustainable development. This book provides an alternative approach. Building on the strengths and insights of Post Keynesian and ecological economics and incorporating cutting edge work in such areas as economic complexity, bounded rationality and socio-economic dynamics, the contributors to this book provide a trans-disciplinary approach to deal with a broad range of environmental concerns.

Suggested Citation

  • John Gowdy & Mario Giampietro & Jesus Ramos-Martin & Kozo Mayumi, 2009. "Incorporating Biophysical Foundations in a Hierarchical Model of Societal Metabolism," Chapters, in: Richard P.F. Holt & Steven Pressman & Clive L. Spash (ed.), Post Keynesian and Ecological Economics, chapter 10, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:12988_10
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    Citations

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    Cited by:

    1. Berg, Matthew & Hartley, Brian & Richters, Oliver, 2015. "A stock-flow consistent input–output model with applications to energy price shocks, interest rates, and heat emissions," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 17(1).
    2. Yoann Verger, 2015. "Sraffa and ecological economics: review of the literature," Working Papers hal-01182894, HAL.
    3. Lynne Chester & Joy Paton, 2013. "The economic–environment relation: can post-Keynesians, Régulationists and Polanyians offer insights?," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(1), pages 106-121.
    4. Recalde, Marina & Ramos-Martin, Jesús, 2012. "Going beyond energy intensity to understand the energy metabolism of nations: The case of Argentina," Energy, Elsevier, vol. 37(1), pages 122-132.
    5. Andreoni, Valeria, 2020. "The energy metabolism of countries: Energy efficiency and use in the period that followed the global financial crisis," Energy Policy, Elsevier, vol. 139(C).

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    Keywords

    Economics and Finance; Environment;

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