Ecological Economics: An Introduction (2005) by Michael Common, Sigrid Stagl

By Michael Common, Sigrid Stagl

Assuming no earlier wisdom of economics, this textbook is meant for interdisciplinary environmental technology and administration classes. The authors, who've written broadly at the economics of sustainability, mix insights from mainstream economics in addition to ecological sciences. half I explores the interdependence of the trendy economic climate and its surroundings, whereas half II focuses generally at the economic system and on economics. half III reports how nationwide governments set coverage goals and the tools used to pursue these ambitions. half IV examines overseas alternate and associations, and significant international threats to sustainability - weather swap and biodiversity loss.

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In terms of the answer to this first question, there is no difference at all between ecological economics and neoclassical economics. Both are anthropocentric, as well as utilitarian. In regard to the second question -- how is human pleasure/pain to be measured? -- there are some differences. 3 Ethical positions of neoclassical and ecological economics. Consequentialist Utilitarian Anthropocentric Neoclassical economics Ecological economics Consumer sovereignty Individual and social health efficiency sustainability decreased.

The companion website will also provide links to other related websites, which links will also be periodically updated. common. Part of this website will have restricted access for instructors. This contains transparencies for all graphs in the book, answers to end-of-chapter exercises and notes on discussion questions. 1 T An introduction to ecological economics he purpose of this short chapter is to introduce the subject matter and to explain the organisation of the book. 1. 1 W H A T I S E C O L O G I C A L E C O N O M I C S ?

Ecological economics does not ignore individual preferences, but it treats them neither as sovereign, nor as the only source of normative criteria. In neoclassical economics, provided it can be assumed that an individual is in possession of all relevant information, there can be no ethical basis for seeking to change his preferences. There can be no basis for saying that a taste for cycling should be encouraged, while a taste for driving motor cars should be discouraged. In ecological economics, there can be an ethical basis for comparing, evaluating and seeking to change tastes.

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