"Economics, Ecology and Sustainable Development: Are They Compatible?"
Anthony M. Friend on Ecological Economics—a new synthesis in which the traditional virtue of thrift is justified using modern ideas from systems theory and thermodynamics.
Anthony M. Friend on Ecological Economics—a new synthesis in which the traditional virtue of thrift is justified using modern ideas from systems theory and thermodynamics.
This paper addresses problems related to transferring market concepts to non-market domains.
This essay explores three case studies that illustrate the exemplary use of economic analysis in environmental decision-making.
In his article, Edmundo Claro argues that in-kind compensation is more acceptable than monetary payments or no compensation because people tend to understand siting conflicts more as matters of justice rather than as matters of freedom or care.
The paper argues that ecological services are either too “lumpy” to price in incremental units (for example, climatic systems), priced competitively, or too cheap to meter. The paper considers counter-examples and objections.
Matthew MacLellan argues that Garrett Hardin’s primary object of critique in his influential “The Tragedy of the Commons” is not the commons or shared property at all—as is almost universally assumed by Hardin’s critics—but is rather Adam Smith’s theory of markets and its viability for protecting scarce resources.
In this Special Section on the Green Economy in the South, Brett Sylvester Matulis considers Costa Rica’s national “payments for ecosystems services” (PES) programme. He explores World Bank / Costa Rica relations and market-oriented interventions to the financing of ecosystem service payments and explains that (despite inherent contradictions inhibiting market formation) neoliberal actors within the state can still implement mechanisms designed to approximate markets.
The paper analyzes pangolin trafficking among South and Southeast Asian countries, shedding light on the commodity chain linking the hunters and consumers of pangolin across South, Southeast and East Asia.