John M. Gowdy () and
Jon D. Erickson ()
Additional contact information John M. Gowdy: Department of Economics, Rensselaer Polytechnic Institute, Troy, NY 12180-3590, USA
Jon D. Erickson: School of Natural Resources, University of Vermont, Burlington, VT 05405, USA
Authors registered in the RePEc Author Service: John Gowdy () and
John Malcolm Gowdy
Abstract:
During the past decade theoretical and empirical advances in neoclassical economics have resulted in the virtual rejection of the two pillars of traditional welfare economics-- rational economic man and perfect competition. Surprisingly, many ecological economists are moving closer to the discredited neo-Walrasian welfare model just at the time it is being replaced within the mainstream. We call for a return to the roots of ecological economics and an engagement with current developments in mainstream theory.