An Introduction to Ecological Economics, Second Edition

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ISBN 9781566706841
Cat# L1684

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Features

  • Provides a unified understanding of natural and human-dominated ecosystems
  • Guides the way to a sustainable and desirable future
  • Reintegrates the market economy within society and the rest of nature

Summary

From Empty-World Economics to Full-World Economics

Ecological economics explores new ways of thinking about how we manage our lives and our planet to achieve a sustainable, equitable, and prosperous future. Ecological economics extends and integrates the study and management of both "nature's household" and "humankind's household"—An Introduction to Ecological Economics, Second Edition, the first update and expansion of this classic text in 15 years, describes new approaches to achieving a sustainable and desirable human presence on Earth. Written by the top experts in the field, it addresses the necessity for an innovative approach to integrated environmental, social, and economic analysis and management, and describes policies aimed at achieving our shared goals.

Demands a Departure from Business as Usual

The book begins with a description of prevailing interdependent environmental, economic, and social issues and their underlying causes, and offers guidance on designing policies and instruments capable of adequately coping with these problems. It documents the historical development of the disciplines of economics and ecology, and explores how they have evolved so differently from a shared conceptual base. Structured into four sections, it also presents various ideas and models in their proper chronological context, details the fundamental principles of ecological economics, and outlines prospects for the future.

What’s New in the Second Edition:

  • Includes several new pieces and updates in each section
  • Adds a series of independently authored "boxes" to expand and update information in the current text
  • Addresses the historical development of economics and ecology and the recent progress in integrating the study of humans and the rest of nature
  • Covers the basic concepts and applications of ecological economics in language accessible to a broad audience

An Introduction to Ecological Economics, Second Edition can be used in an introductory undergraduate or graduate course; requires no prior knowledge of mathematics, economics, or ecology; provides a unified understanding of natural and human-dominated ecosystems; and reintegrates the market economy within society and the rest of nature.

Table of Contents

Humanity’s Current Dilemma

The Global Ecosystem and the Economic Subsystem

From Localized Limits to Global Limits

Population and Poverty

Beyond Brundtland

Toward Sustainability

The Fragmentation of Economics and the Natural Sciences

The Historical Development of Economics and Ecology

Early Codevelopment of Economics and Natural Science

Economics and Ecology Specialize and Separate

Reintegration of Ecology and Economics

Conclusions

Principles and Objectives of Ecological Economics

Sustainable Scale, Fair Distribution, and Efficient Allocation

Ecosystems, Biodiversity, and Ecosystem Services

Substitutability versus Complementarity of Natural, Human, Social, and Built Capital

Population and Carrying Capacity

Measuring Welfare and Well-Being

Valuation, Choice, and Uncertainty

Trade and Community

Institutions, Instruments, and Policies

History of Environmental Institutions and Instruments

The Need to Develop a Shared Vision of a Sustainable Society

Successes, Failures, and Remedies

Policy Instruments: Some Background

Examples of Policies, Instruments, and Institutions

Governance

Conclusions and Prospects for the Future

References

Index

Author Bio(s)

Robert Costanza is professor and chair in public policy at the Crawford School of Public Policy at The Australian National University. His transdisciplinary research integrates the study of humans and the rest of nature to address research, policy, and management issues at multiple time and space scales, from small watersheds to the global system. He is co-founder of the International Society for Ecological Economics and founding editor in chief of Solutions (www.thesolutionsjournal.org). He is author or co-author of over 500 articles and 27 books.

John Cumberland is a professor emeritus at the University of Maryland, where he served as a professor of economics and the director of the Bureau of Business and Economic Research. His teaching, research, and publications have been primarily in the fields of environmental and natural resource economics. He is currently a senior fellow at the University of Maryland Institute for Ecological Economics (IEE).

Herman Daly is the author of many works on ecological economics. He is a professor emeritus, at the School of Public Policy, University of Maryland, and a former senior economist with the World Bank. He is cofounder of the ISEE and won the Netherlands Royal Academy Heineken Prize and the Right Livelihood Award in 1996 for pioneering the new discipline of ecological economics.

Robert Goodland was the environmental advisor to the World Bank Group in Washington, DC, between 1978 and 2001. The Library of Congress lists 41 of his publications. He served on the independent Extractive Industry Review of the World Bank Group’s oil, gas, and mining portfolio (2001–2004) and then became a senior fellow at the World Resources Institute. He was elected chair of the Ecological Society of America (Metropolitan) and president of the International Association of Impact Assessment. Robert Goodland passed away unexpectedly in 2013.

Richard B. Norgaard is a professor emeritus of energy and resources at the University of California, Berkeley. He acquired his skepticism for market exuberance while earning his PhD in economics at the University of Chicago. He has professional experience in Alaska, the Brazilian Amazon, California, and to a lesser extent in Africa, China, and Vietnam. He helped bring a coevolutionary framing to our understanding of socioecological system dynamics. He is currently writing on "Economism and the Econocene" and "The Challenges of Collectively Understanding Complex Systems."

Ida Kubiszewski is a senior lecturer at the Crawford School of Public Policy at The Australian National University. Prior to this, she was an assistant research professor at Portland State University. She is the co-editor-in-chief of a magazine/journal hybrid called Solutions and of the academic journal Reviews in Ecological Economics. Dr. Kubiszewski is a cofounder and former managing editor of the "Encyclopedia of Earth," a peer-reviewed Wikipedia about the environment. She is the author or

coauthor of more than a dozen scientific papers in the field.

Carol Franco is a senior research associate at Virginia Tech University. She is an ecological economist experienced in food security, ecosystem services, and policies for economic development and climate change mitigation and adaptation. She has participated in negotiations of the United Nations Framework Convention on Climate Change for four years now as a member of the Dominican Republic delegation. Her current responsibilities include working with government institutions on REDD+ policy frameworks on the ground in Mexico, Peru, Colombia, and the Dominican Republic.