IDEAS home Printed from https://ideas.repec.org/p/ise/gheswp/wp242005.html
   My bibliography  Save this paper

Ecology Versus Market Capitalism: A Threat for the 21st Century?

Author

Listed:
  • Ana Bela Nunes
  • Nuno Valerio

Abstract

Market capitalism has been the economic system of the contemporary world economy since the early stages of its formation. However, at the same time, market capitalism has been subject to a number of threats. Some of these threats arise from market failures. Others arise from the development of anticapitalist ideologies. During the 20th century, market failures were most conspicuous during war periods and anti-capitalist ideologies mainly took the form of socialist doctrines. At the beginning of the 21st century, a global war seems unlikely, but terrorism presents a threat that may have a number of similar consequences; likewise, socialism (at least in its radical forms) seems obsolete, but anti-globalist movements seem to replace it in a similar role. However, we argue that the main problem that may threaten the role of market capitalism as a global economic system and force it to undergo radical adaptations is the need to preserve natural equilibria.

Suggested Citation

  • Ana Bela Nunes & Nuno Valerio, 2005. "Ecology Versus Market Capitalism: A Threat for the 21st Century?," Working Papers GHES - Office of Economic and Social History 2005/24, ISEG - Lisbon School of Economics and Management, GHES - Social and Economic History Research Unit, Universidade de Lisboa.
  • Handle: RePEc:ise:gheswp:wp242005
    as

    Download full text from publisher

    File URL: https://ghes.rc.iseg.ulisboa.pt/wp/wp242005.pdf
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ise:gheswp:wp242005. 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: (Natalia Nobre). General contact details of provider: https://aquila1.iseg.ulisboa.pt/aquila/research/ghes .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.