Ends, means, and the economics of environment

Deepak Malghan

Chapter 4 in A Research Agenda for Environmental Economics, 2020, pp 56-65 from Edward Elgar Publishing

Abstract: This chapter investigates the (analytic) determinants of Schumpeter’s “preanalytic visions†of the relationship between the economy and the environment. Several heterodox schools – ecological economics for example – posit that environmental economics’ ontological vision is inconsistent with well-established biophysical facts. This chapter develops a formal model that derives preanalytic visions of mainstream as well as heterodox economics from more fundamental beliefs about the relationship between ends and means. This model also results in a formal ontological definition of an “embedded economy†. The chapter shows how differing preanalytic visions in economics can be understood as differences in constraints on an embedded economy.

Keywords: Economics and Finance; Environment (search for similar items in EconPapers)
Date: 2020
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