By Rajaram Krishnan, Jonathan Harris, Neva R. Goodwin
The emergent self-discipline of ecological economics is predicated at the concept that the world's economies are a functionality of the earth's ecosystems - an idea that considerably reverses the area view of neoclassical economics. A Survey of Ecological Economics presents the 1st review of this new box, and a complete and systematic survey of its serious literature.
The editors of the amount summarize ninety-five seminal articles, chosen via an exhaustive survey, that improve the sector of ecological economics and symbolize the simplest pondering so far within the quarter. each one two-to three-page precis is way extra finished than a standard summary, and provides either the subjects lined in each one paper and an important arguments made approximately every one subject. Sections hide:
- historical point of view
- definition, scope, and interdisciplinary matters
- theoretical frameworks and strategies
- energy and source stream research
- accounting and assessment
- North-South/international matters
- ethical/social/institutional matters
each one part is preceded by means of an introductory essay that outlines the present nation of data within the box and proposes a learn schedule for the long run.
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Additional info for A Survey of Ecological Economics
Individuals are considered the best judge of their own happiness, so the individual’s choice of economic goods as expressed in the marketplace must be taken as given, and is thus beyond analysis. The key to the greatest happiness for the greatest number is to simply allow people to follow the dictates of their acquisitive, self-interested nature. There have been economists who have questioned this premise. In what follows, the thoughts of four such economists are examined. Each in his own way rejects the conventional wisdom that economic growth is an end in and of itself.
This contrasts with the neoclassical derivation of value from individual demand or utility. Energy theorists share with neo-Ricardians several important assumptions about the nature of value: they both proceed from the social rather than the individual level, see value as objective rather than subjective, and are concerned with dynamic processes of growth and change. Differences arise, however, over the delicate issue of whether a single ultimate determinant of value can be identified, or should even be sought.
Xxxix A SURVEY OF ECOLOGICAL ECONOMICS xli PAR T I Historical Perspectives Overview Essay by Jonathan M. Harris The history of economic theory is today a neglected field. If the evolution of economic ideas is studied at all, it is generally viewed as a linear, progressive process leading inevitably to the highest embodiment of economic analysis: today’s neoclassical model. The average student of economics will encounter the names of some bygone economists appended to concepts: Smith’s invisible hand, Ricardian rent, Keynesian fiscal policy, Marshallian demand curve, Walrasian general equilibrium.
A Survey of Ecological Economics by Rajaram Krishnan, Jonathan Harris, Neva R. Goodwin