Environmental capacity through the moral economic lens – Dynamic equilibria

Zsófia Hajnal ()
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Zsófia Hajnal: Corvinus University of Budapest, Budapest, Hungary

Cognitive Sustainability, 2023, vol. 2, issue 3, 21-31

Abstract: This article explores and maps hierarchical, dynamic environmental-economic equilibria. Based on the moral economic premise of finite human needs, on output that increases with the population number in a supralinear manner, and on technology levels, moral economic equilibria are identified and quantified. These equilibria are compared to environmental capacities – as a function of technology levels. A needs-based, theoretical attempt is made to resolve the tensions and conversion issues in the economic-environmental nexus. A novel, visual, moral economic model of equilibria with the environment is established and justified. The model is expected to suggest indirect economic adjustments, in order to align with sustainability, which – indeed – is more of a notion to constantly be aligned with, than a handful of one-time economic targets to meet.

Keywords: Moral economics; Environmental capacity; Technology; Human needs; Equilibrium (search for similar items in EconPapers)
JEL-codes: C62 R13 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.55343/CogSust.66

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