Mainstream economics toolkit within the ecological economics framework

Ihar Dzeraviaha

Ecological Economics, 2018, vol. 148, issue C, 15-21

Abstract: Development of ecological economics was a response to the environmental crisis born by the economic growth. Ecological economics, in contrast to mainstream economics, is characterized by value pluralism and interdisciplinary approach that makes it hard to achieve methodological unanimity. This paper considers if the mainstream methods could be used to tackle environment problems effectively. To this purpose, the integrated macro model is proposed. It suggests that all environment externalities could be accounted in the existing production-consumption system. So using the new ideology based on ecological economics priorities and applying the toolkit of mainstream economics, we could transform the existing pricing system and provide effective institutional reforms to ensure sustainable development.

Keywords: Ecosystem services; Neoclassical methodology; Monetary valuation; Institutions; Allocation (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0921800917314726
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:148:y:2018:i:c:p:15-21

DOI: 10.1016/j.ecolecon.2017.10.024

Access Statistics for this article

Ecological Economics is currently edited by C. J. Cleveland

More articles in Ecological Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().