Tuesday, July 28, 2020

Challenges Faced by Ecological Economics

Preface

The author of the article linked to farther down the page is Professor Brian Czech.  Here's a bit about him---
https://steadystate.org/brian-czech/
Not long ago, I became a member of his outfit (of which he's the founding president), CASSE.  Here's their Mission statement + their Strategy---
https://steadystate.org/meet/mission/
Join their group and you'll be sent a dynamite, slim volume of essays titled, Best of The Daly News, "from the leading blog in Steady State Economics", and referring to Herman Daly.  Read that, and you'll be somewhat of an expert on Steady State Economics.  [NOTE:  I'm not being paid to promote CASSE.]
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Ecological Economics and its Challenges

The piece at the link below is an outstanding essay by Professor Czech.  It comprehensively describes the history, principles of, and challenges for the academic discipline of ecological economics (eco-econ).

https://steadystate.org/wp-content/uploads/Czech_Ecological_Economics.pdf

If you don't have time now for the entire article, at least read all of Section 5., "Future Directions and Challenges for Ecological Economics" and all of Section 6., "Conclusion".  Catch the rest later.  You will then have the most concise and cogent understanding of eco-econ I've ever seen.

Some of the topics addressed in the above piece include:
1.  a key component of eco-econ, "sustainable scale", which means the size of the economy in relation to the biophysical constraints of its sustaining ecosystem;
2.  the influences of classical, neoclassical, and ecological economists on the discipline of macroeconomics;
3.  ends, means, and philosophy in economics;
4.  allocation of resources;
5.  GDP and sustainability;
6.  distribution of wealth;
7.  ecological implications of the volume and flow of money;
8.  de-growth;
9.  natural capital valuation in relation to macroeconomics; and more.
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Conclusion

If you really want to be part of the ecological movement, it's necessary to become educated far beyond catch-phrases and sound-bites.  On this page alone, you have links to sources which will help advance your eco-socio-education by leaps and bounds.  Take advantage.  The macro-ecosystem known as Mother Earth needs all the help it can get.
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Not only my opinion.  Be Well, and Happy Trails

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