An Introduction to Ecological Economics

Costanza, Robert; Cumberland, John H; Daly, Herman E.; Goodland, Robert; Norgaard, Richard B.

doi:10.1201/9781003040842

Cited by 156 publications

(119 citation statements)

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“…What differentiated ecological economics from environmental economics was that ecological economists generally recognized that ‘the Earth is materially finite and nongrowing’ with the economy ‘a subset of this finite global system’ (Costanza et al . 2007). Nicholas Georgescu-Roegen had already claimed thermodynamics and energy availability limited economic growth and Herman Daly had advocated a steady-state economy (Nadeau 2008).…”

Section: Ecological Economicsmentioning

confidence: 99%

“…For ecological economists, the economic system is a component of the ecological system rather than environmental inputs and outputs being components of the economic system (Costanza et al . 2007).…”

Section: Ecological Economicsmentioning

confidence: 99%

“…Environmental economists tend to have more faith in the ability of technology to overcome problems of resource scarcity and loss of ecosystem services, given the right price signals (Ropke 2005; Costanza et al . 2007).…”

Section: Ecological Economicsmentioning

confidence: 99%

“…Even before the ISEE was formed economists and ecologists had worked together to persuade international agencies to modify national accounting systems to include environmental factors (Costanza et al . 2007). Changing national accounts to reflect environmental degradation and associated costs is still a major project of ecological economics (Repetto 1989).…”

Section: Ecological Economicsmentioning

confidence: 99%

“…The founders of ecological economics argue that, rather than creating a new disciplinary ‘paradigm based in shared assumptions and theory’, ecological economics ‘represents a commitment among economists, ecologists, and others, both as academics and as practitioners, to learn from each other, to explore new patterns of thinking together, and to facilitate the derivation and implementation of new economic and environmental policies’ (Costanza et al . 2007).…”

Section: Ecological Economicsmentioning

confidence: 99%

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Environmental economics and ecological economics: the contribution of interdisciplinarity to understanding, influence and effectiveness

Beder

2011

Envir. Conserv.

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SUMMARYThis paper reviews developments in both environmental economics and ecological economics with respect to their progress towards environmental interdisciplinarity and towards providing solutions to environmental problems. The concepts, methods, theories and assumptions of each field of knowledge are reviewed and the extent to which they depart from the dominant neoclassical paradigm of economics is assessed. The contribution that interdisciplinarity has made to the success of each field is analysed in terms of understanding, influence and effectiveness and the constraints that it has imposed upon that success. Environmental economics has adopted the dominant economic neoclassical paradigm, including the power of the market to allocate environmental resources efficiently and in a socially optimal way. The solution to environmental problems is thus seen as a matter of ensuring that the environment is properly priced to reflect the relative scarcity of natural resources and assets and to ensure that environmental values are incorporated into the market. This specialized view of environmental problems is now reflected in government policy around the world including the use of extended cost benefit analyses, contingent valuations, environmental charges and emissions trading. Nevertheless, environmental problems continue to grow in severity and the solutions provided by environmental economists have proven ineffective. Thus lack of interdisciplinarity does not prevent a field of knowledge from gaining influence and dominance, however its effectiveness in terms of understanding environmental problems and solving them is impeded. Ecological economics seeks to incorporate the research of economists, ecologists, philosophers and social scientists, however its influence seems to be have been limited to areas in which it retains the standard economics framework, and this limits its effectiveness in terms of environmental solutions. Thus interdisciplinarity may increase understanding of the real world but * Correspondence: Dr Sharon Beder, University of Wollongong, NSW 2522, Australia e-mail: sharonb@uow.edu.au it cannot overcome political and social barriers to translating that understanding into the widespread implementation of effective environmental measures.

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Section: Ecological Economicsmentioning

confidence: 99%

Section: Ecological Economicsmentioning

confidence: 99%

Section: Ecological Economicsmentioning

confidence: 99%

Section: Ecological Economicsmentioning

confidence: 99%

Section: Ecological Economicsmentioning

confidence: 99%

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Environmental economics and ecological economics: the contribution of interdisciplinarity to understanding, influence and effectiveness

Beder

2011

Envir. Conserv.

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2023

Frugal Innovation and Innovative Creation

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An ecological modernist interpretation of sustainability: the case of Interface Inc.

Stubbs

Cocklin

2006

Bus Strat Env

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This article seeks to extend understanding of how sustainability is operationalized in firms by considering the example of Interface Inc. In particular, we assess the sustainability policy and strategies of Interface Inc. within the frame recourse of an ecological modernization (EM) perspective of sustainability. One question of particular interest is whether organizations are able to implement an EM-aligned worldview through their own internal capabilities or whether changes to the wider socio-economic system are required. The analysis of Interface's experiences suggests that, at this stage, an organization cannot fully adhere to an EM perspective of sustainability; its success is also dependent on changes to the wider socio-economic system in which the firm operates. The critical factors in implementing sustainability that emerged from the Interface case study are discussed.

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An Introduction to Ecological Economics

Cited by 156 publications

References 0 publications

Environmental economics and ecological economics: the contribution of interdisciplinarity to understanding, influence and effectiveness

Environmental economics and ecological economics: the contribution of interdisciplinarity to understanding, influence and effectiveness

References

An ecological modernist interpretation of sustainability: the case of Interface Inc.

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