Ecological economics
Ecological economics (also called eco-economics, ecolonomy or bioeconomics of Georgescu-Roegen) is both a transdisciplinary and an interdisciplinary field of academic research about the coevolution of human economies and natural ecosystems.[1]
By treating the economy as a system of Earth's larger ecosystem, and by the preservation of natural capital, the field of ecological economics is different from environmental economics.[2]
Ecological Economics Media
Natural resources flow through the economy and end up as waste and pollution
The marginal costs of a growing economy may gradually exceed the marginal benefits, however measured.
Exergy analysis can be performed to find connections between economic value and the physical world. Here the costs of heating (vertical axis) are compared with the exergy content of different energy carriers (horizontal axis).
References
- ↑ Anastasios Xepapadeas (2008). "Ecological economics". The New Palgrave Dictionary of Economics 2nd Edition. Palgrave MacMillan.
- ↑ Jeroen C.J.M. van den Bergh (2001). "Ecological Economics: Themes, Approaches, and Differences with Environmental Economics," Regional Environmental Change, 2(1), pp. 13-23 Archived 2008-10-31 at the Wayback Machine (press +).
