Economics and Nature: A Long-Neglected Combination

Anna Pettini

No 10631, CESifo Working Paper Series from CESifo

Abstract: The intersection of Economics and Nature has long been overlooked, but recent events have shed new light on their interconnectedness. This paper explores this relationship, focusing on the impact of economic cycles and the role of GDP as a measure of economic success. The paper highlights the historically dominant role of GDP, tracing its origins from Simon Kuznets’ report in the 1930s to the present. It considers the rise of quantitative growth as a paradigm and its influence on economic policy, including the neo-liberal perspective that prioritises private market initiative. The paper concludes by exploring the potential for change in the aftermath of the syndemic crisis, and argues for a move away from GDP-centred measurements towards indicators that are fully researched and ready to use.

Keywords: critical deceleration theory; nature; GDP; beyond-GDP indicators (search for similar items in EconPapers)
JEL-codes: D00 I31 O10 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_10631

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