IDEAS home Printed from https://ideas.repec.org/p/wiw/wus009/7288.html
   My bibliography  Save this paper

Time for a Paradigm Shift: From Economic Growth andPrice-Making Markets to Social Ecological Economics

Author

Listed:
  • Spash, Clive L.

Abstract

Ecological economics has ontological foundations that inform it as a paradigm both biophysically and socially. It stands in strong opposition to mainstream thought on the operations of the economy and society. The core arguments deconstruct and oppose both growth and price-making market paradigms. However, in contradiction of these theoretical foundations, ecological economists can be found who call upon neoclassical economic theory as insightful, price-making and capitalist markets as socially justified means of allocation and economic growth as achieving progress and development. The more radical steady-state and post-growth/degrowth movements are shown to include confused and conflicted stances in relation to the mainstream hegemonic paradigms. Ecological economics personally challenges those trained in mainstream theory to move beyond their orthodox education and leave behind the flawed theories and concepts that contribute to supporting systems that create social, ecological and economic crises. This paper makes explicit the paradigmatic struggle of the past thirty years and the need to wipe away mainstream apologetics, pragmatic conformity and ill-conceived postmodern pluralism. It details the core paradigmatic conflict and specifies the alternative social ecological economic paradigm along with a new research agenda.

Suggested Citation

  • Spash, Clive L., 2019. "Time for a Paradigm Shift: From Economic Growth andPrice-Making Markets to Social Ecological Economics," SRE-Discussion Papers 2019/07, WU Vienna University of Economics and Business.
  • Handle: RePEc:wiw:wus009:7288
    as

    Download full text from publisher

    File URL: https://epub.wu.ac.at/7288/
    File Function: original version
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Herman E. Daly, 1972. "In Defense of a Steady-State Economy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(5), pages 945-954.
    2. Federico Demaria & Francois Schneider & Filka Sekulova & Joan Martinez-Alier, 2013. "What is Degrowth? From an Activist Slogan to a Social Movement," Environmental Values, White Horse Press, vol. 22(2), pages 191-215, April.
    3. Buch-Hansen, Hubert, 2018. "The Prerequisites for a Degrowth Paradigm Shift: Insights from Critical Political Economy," Ecological Economics, Elsevier, vol. 146(C), pages 157-163.
    4. Norgaard, Richard B., 1989. "The case for methodological pluralism," Ecological Economics, Elsevier, vol. 1(1), pages 37-57, February.
    5. Sheila C. Dow, 2012. "Variety of Methodological Approach in Economics," Palgrave Macmillan Books, in: Foundations for New Economic Thinking, chapter 13, pages 210-230, Palgrave Macmillan.
    6. Morgan, Jamie, 2017. "Piketty and the Growth Dilemma Revisited in the Context of Ecological Economics," Ecological Economics, Elsevier, vol. 136(C), pages 169-177.
    7. Clive L. Spash, 2011. "Social Ecological Economics: Understanding the Past to See the Future," American Journal of Economics and Sociology, Wiley Blackwell, vol. 70(2), pages 340-375, April.
    8. Blauwhof, Frederik Berend, 2012. "Overcoming accumulation: Is a capitalist steady-state economy possible?," Ecological Economics, Elsevier, vol. 84(C), pages 254-261.
    9. Leonhardt, Heidi & Jutschen, Maria & Spash, Clive L., 2017. "To Grow or Not to Grow? That is the Question: Lessons for Social Ecological Transformation from Small-Medium Enterprises," SRE-Discussion Papers 2017/06, WU Vienna University of Economics and Business.
    10. Herman E. Daly, 2007. "Ecological Economics and Sustainable Development, Selected Essays of Herman Daly," Books, Edward Elgar Publishing, number 12606.
    11. John Gowdy & Jon D. Erickson, 2005. "The approach of ecological economics," Cambridge Journal of Economics, Oxford University Press, vol. 29(2), pages 207-222, March.
    12. Klaassen, Ger A. J. & Opschoor, Johannes B., 1991. "Economics of sustainability or the sustainability of economics: Different paradigms," Ecological Economics, Elsevier, vol. 4(2), pages 93-115, November.
    13. Bauhardt, Christine, 2014. "Solutions to the crisis? The Green New Deal, Degrowth, and the Solidarity Economy: Alternatives to the capitalist growth economy from an ecofeminist economics perspective," Ecological Economics, Elsevier, vol. 102(C), pages 60-68.
    14. repec:zbw:inwedp:692017 is not listed on IDEAS
    15. Castro e Silva, Manuela & Teixeira, Aurora A.C., 2011. "A bibliometric account of the evolution of EE in the last two decades: Is ecological economics (becoming) a post-normal science?," Ecological Economics, Elsevier, vol. 70(5), pages 849-862, March.
    16. Spash, Clive L., 2019. "SEE Beyond Substantive Economics: Avoiding False Dichotomies," Ecological Economics, Elsevier, vol. 165(C), pages 1-1.
    17. Perkins, Ellie, 1997. "Women, ecology and economics: New models and theories," Ecological Economics, Elsevier, vol. 20(2), pages 105-106, February.
    18. Arild Vatn, 2005. "Institutions and the Environment," Books, Edward Elgar Publishing, number 2826.
    19. Gerber, Julien-François & Scheidel, Arnim, 2018. "In Search of Substantive Economics: Comparing Today's Two Major Socio-metabolic Approaches to the Economy – MEFA and MuSIASEM," Ecological Economics, Elsevier, vol. 144(C), pages 186-194.
    20. E. K. Hunt & Ralph C. d’Arge, 1973. "On Lemmings and Other Acquisitive Animals: Propositions on Consumption," Journal of Economic Issues, Taylor & Francis Journals, vol. 7(2), pages 337-353, June.
    21. Martínez-Alier, Joan & Pascual, Unai & Vivien, Franck-Dominique & Zaccai, Edwin, 2010. "Sustainable de-growth: Mapping the context, criticisms and future prospects of an emergent paradigm," Ecological Economics, Elsevier, vol. 69(9), pages 1741-1747, July.
    22. Hoepner, Andreas G.F. & Kant, Benjamin & Scholtens, Bert & Yu, Pei-Shan, 2012. "Environmental and ecological economics in the 21st century: An age adjusted citation analysis of the influential articles, journals, authors and institutions," Ecological Economics, Elsevier, vol. 77(C), pages 193-206.
    23. Clive L. Spash, 2009. "The New Environmental Pragmatists, Pluralism and Sustainability," Environmental Values, White Horse Press, vol. 18(3), pages 253-256, August.
    24. Spash, Clive L., 2012. "New foundations for ecological economics," Ecological Economics, Elsevier, vol. 77(C), pages 36-47.
    25. Weiss, Martin & Cattaneo, Claudio, 2017. "Degrowth – Taking Stock and Reviewing an Emerging Academic Paradigm," Ecological Economics, Elsevier, vol. 137(C), pages 220-230.
    26. Pirgmaier, Elke, 2017. "The Neoclassical Trojan Horse of Steady-State Economics," Ecological Economics, Elsevier, vol. 133(C), pages 52-61.
    27. McMahon, Martha, 1997. "From the ground up: ecofeminism and ecological economics," Ecological Economics, Elsevier, vol. 20(2), pages 163-173, February.
    28. Clive L. Spash & Anthony Ryan, 2012. "Economic Schools of Thought on the Environment: Investigating Unity and Division," Cambridge Journal of Economics, Oxford University Press, vol. 36(5), pages 1091-1121.
    29. Vatn, Arild, 2005. "Rationality, institutions and environmental policy," Ecological Economics, Elsevier, vol. 55(2), pages 203-217, November.
    30. van den Bergh, Jeroen C.J.M., 2010. "Externality or sustainability economics?," Ecological Economics, Elsevier, vol. 69(11), pages 2047-2052, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Quinn, Terrance, 2021. "Lonergan’s Contribution to Ecological Economics," Ecology, Economy and Society - the INSEE Journal, Indian Society of Ecological Economics (INSEE), vol. 4(01), January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Spash, Clive L., 2020. "A tale of three paradigms: Realising the revolutionary potential of ecological economics," Ecological Economics, Elsevier, vol. 169(C).
    2. Spash, Clive L., 2013. "The shallow or the deep ecological economics movement?," Ecological Economics, Elsevier, vol. 93(C), pages 351-362.
    3. Plumecocq, Gaël, 2014. "The second generation of ecological economics: How far has the apple fallen from the tree?," Ecological Economics, Elsevier, vol. 107(C), pages 457-468.
    4. Hanaček, Ksenija & Roy, Brototi & Avila, Sofia & Kallis, Giorgos, 2020. "Ecological economics and degrowth: Proposing a future research agenda from the margins," Ecological Economics, Elsevier, vol. 169(C).
    5. Lo, Alex, 2014. "The Problem of Methodological Pluralism in Ecological Economics," MPRA Paper 49543, University Library of Munich, Germany.
    6. Spash, Clive L., 2012. "New foundations for ecological economics," Ecological Economics, Elsevier, vol. 77(C), pages 36-47.
    7. Remig, Moritz C., 2015. "Unraveling the veil of fuzziness: A thick description of sustainability economics," Ecological Economics, Elsevier, vol. 109(C), pages 194-202.
    8. Røpke, Inge, 2020. "Econ 101—In need of a sustainability transition," Ecological Economics, Elsevier, vol. 169(C).
    9. Buch-Hansen, Hubert & Nesterova, Iana, 2021. "Towards a science of deep transformations: Initiating a dialogue between degrowth and critical realism," Ecological Economics, Elsevier, vol. 190(C).
    10. Anderson, Blake & M'Gonigle, Michael, 2012. "Does ecological economics have a future?," Ecological Economics, Elsevier, vol. 84(C), pages 37-48.
    11. Remig, Moritz C., 2017. "Structured pluralism in ecological economics — A reply to Peter Söderbaum's commentary," Ecological Economics, Elsevier, vol. 131(C), pages 533-537.
    12. Dube, Benjamin, 2021. "Why cross and mix disciplines and methodologies?: Multiple meanings of Interdisciplinarity and pluralism in ecological economics," Ecological Economics, Elsevier, vol. 179(C).
    13. Buchs, Arnaud & Petit, Olivier & Roman, Philippe, 2020. "Can social ecological economics of water reinforce the “big tent”?," Ecological Economics, Elsevier, vol. 169(C).
    14. Clive Spash & Tone Smith, 2019. "Of Ecosystems and Economies: Re-connecting Economics with Reality," SRE-Disc sre-disc-2019_03, Institute for Multilevel Governance and Development, Department of Socioeconomics, Vienna University of Economics and Business.
    15. Sarah-Louise Ruder & Sophia Rose Sanniti, 2019. "Transcending the Learned Ignorance of Predatory Ontologies: A Research Agenda for an Ecofeminist-Informed Ecological Economics," Sustainability, MDPI, vol. 11(5), pages 1-29, March.
    16. Pirgmaier, Elke, 2017. "The Neoclassical Trojan Horse of Steady-State Economics," Ecological Economics, Elsevier, vol. 133(C), pages 52-61.
    17. Franco, Marco P.V., 2018. "Searching for a Scientific Paradigm in Ecological Economics: The History of Ecological Economic Thought, 1880s–1930s," Ecological Economics, Elsevier, vol. 153(C), pages 195-203.
    18. Teixeira, Aurora A. C. & Castro e Silva, Manuela, 2015. "Relational environment and intellectual roots of 'ecological economics': An orthodox or heterodox field of research?," Economics Discussion Papers 2015-52, Kiel Institute for the World Economy (IfW).
    19. Morgan, Jamie, 2017. "Piketty and the Growth Dilemma Revisited in the Context of Ecological Economics," Ecological Economics, Elsevier, vol. 136(C), pages 169-177.
    20. Larch, Mario & Löning, Markus & Wanner, Joschka, 2018. "Can degrowth overcome the leakage problem of unilateral climate policy?," Ecological Economics, Elsevier, vol. 152(C), pages 118-130.

    More about this item

    Keywords

    Paradigm shift; Economic growth; Markets; Price; Value theory; Social ecological economics; Steady-state economics; Degrowth; Post-Growth; Capitalism; Neoclassical economics; Socialism;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B29 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Other
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:wiw:wus009:7288. 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: . General contact details of provider: http://epub.wu.ac.at .

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: WU Library (email available below). General contact details of provider: http://epub.wu.ac.at .

    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.