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Environmental Economics

Ecological Economics Research Trends by Carolyn C. Pertsova

By Carolyn C. Pertsova

This new e-book offers new and demanding learn within the box of ecological economics that is a transdisciplinary box of educational learn that addresses the dynamic and spatial interdependence among human economies and usual ecosystems. Ecological economics brings jointly and connects varied disciplines, in the ordinary and social sciences yet specifically among those large components. because the identify indicates, the sphere is ruled through researchers with a heritage in economics and ecology. a tremendous motivation for the emergence of ecological economics has been feedback at the assumptions and methods of conventional (mainstream) environmental and source economics. Ecological economics provides a extra pluralistic method of the examine of environmental difficulties and coverage ideas, characterised by way of structures views, enough actual and organic contexts, and attention on long term environmental sustainability. Ecological economics will be considered as a model of environmental technology with a lot emphasis on social, political, monetary and behavioral matters.

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And surely, economic policy aimed at changing consumption patterns has a long history. g. drugs and the use of chemicals in certain types of products. g. tax on tobacco and gasoline. Environmental policy based on the neoclassical economics also largely believes in provision of incentives, but does not accept that it is possible to change people’s preferences (Norton, Costanza et al. 1998). We have also described how the ecological economics attempts to address the limitations of the neoclassical economics and how, with contributions from sociological and psychological studies, it provides a more comprehensive understanding of consumer behaviour.

1 People In modern consumption theories, which are largely built on the fields of psychology and sociology, consumer behaviour is seen as much more complicated than simply rational response to price signals or to the availability of technical solutions. Society is also seen not only as a market system, but as an intricate network of actors and institutions. Social institutions, public groups and individual behaviours mutually reinforce each other and shape the development of society and people.

The obtained knowledge is used to develop policies for a more sustainable future, including environmental sustainability and fair distribution of resources. 2 oikos= “house”; logy= “study or knowledge”; nomics= “management” Consumption and Ecological Economics: Towards Sustainability 19 “[Ecological economics] is problem-focused rather than concerned with abstract modeling, and, in contrast to conventional neo-classicism, ecological economics shifts the focus from micro to macro and relevant time frames from the very short term to deep time.

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