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Ends, means, and the economics of environment

In: A Research Agenda for Environmental Economics

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  • Deepak Malghan

Abstract

This chapter investigates the (analytic) determinants of Schumpeter’s “preanalytic visions†of the relationship between the economy and the environment. Several heterodox schools – ecological economics for example – posit that environmental economics’ ontological vision is inconsistent with well-established biophysical facts. This chapter develops a formal model that derives preanalytic visions of mainstream as well as heterodox economics from more fundamental beliefs about the relationship between ends and means. This model also results in a formal ontological definition of an “embedded economy†. The chapter shows how differing preanalytic visions in economics can be understood as differences in constraints on an embedded economy.

Suggested Citation

  • Deepak Malghan, 2020. "Ends, means, and the economics of environment," Chapters, in: Matthias Ruth (ed.), A Research Agenda for Environmental Economics, chapter 4, pages 56-65, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18903_4
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    Keywords

    Economics and Finance; Environment;

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