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The document discusses the relationships between environmental economics, natural resource economics, and ecological economics. It explains that they are related through their consideration of the environment and economy but ecological economics more fully integrates the two. While they have similarities in their citations and focus on sustainability, they differ in their level of analysis and whether growth or sustainability is the main goal.

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27 views

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The document discusses the relationships between environmental economics, natural resource economics, and ecological economics. It explains that they are related through their consideration of the environment and economy but ecological economics more fully integrates the two. While they have similarities in their citations and focus on sustainability, they differ in their level of analysis and whether growth or sustainability is the main goal.

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AMINA MUHAMMAD SHAABAN

EDU/18/SPE/00362
SPECIAL EDUCATION
Environmental economics is a sub-field of economics concerned with environmental issues. It has
become a widely studied subject due to growing environmental concerns in the twenty-first
century.
Natural resource economics transdisciplinary field of academic research within economics that
aims to address the connections and interdependence between human economies and natural
ecosystems. Its focus is how to operate an economy within the ecological constraints of earth's
natural resources.
Ecological economics is a trans-disciplinary field. It's not trying to be a subdiscipline
of economics or a subdiscipline of ecology, but really it's a bridge across not only
ecology and economics but also psychology, anthropology, archaeology, and
history.It’s an attempt to look at humans embedded in their ecological life-support
system, not separate from the environment.
They are related through:
Environmental economics is a subdiscipline of economics, so it's applying standard
economic thinking to the environment. Mainstream economics, I think, is focused
largely on markets and while it recognizes that there are externalities, they are
external—they're out there. Ecological economics tries to study everything outside the
market as well as everything inside the market and bring the two together.
Conventional economics doesn't really recognize the importance of scale—the fact
that we live on a finite planet, or that the economy, as a subsystem, cannot grow
indefinitely into this larger, containing system. There are some biophysical limits
there. The mainstream view doesn’t recognize those limits or thinks that technology
can solve any resource constraint problems. It’s not that we can't continue to
improve the human situation.
The sustainable management of our natural resources is vital for ensuring human
wellbeing, now and in the future. Any changes we make to land, water and vegetation
through human production and consumption has an affect on the ecosystems they
belong to.
They are similar through:
The main similarities are that ecological economics tends to cite (but not be cited by)
general natural science journals more often than environmental economics does,
environmental economics cites more heavily from journals rather than other
publications, and citations in environmental economics are more concentrated on
particular journals and individual publications. However, there is much less similarity
at the level of individual articles. Non-market valuation articles dominate the most
cited articles in JEEM while green accounting, sustainability, and the environmental
Kuznets curve are all prominent.The economic models sampled are formulated and
analysed analytically, tend to be relatively simple and are mostly used to investigate
general questions. Furthermore, they often ignore space, dynamics and uncertainty.
Although some ecological models have similar properties, there is also a substantial
number of another type of ecological models that are relatively complex and analysed
by simulation. These models tend to be rather specific and often explicitly consider
dynamics, space and uncertainty. The integrated ecological–economic models are
observed to lie “in the middle” between ecological and economic models. An
unexpected result is that they are not more complex than ecological and economic
models (as one could have expected from a simple “merger” of models from both
disciplines), but have an intermediate complexity.
While the macroeconomic goal of environmental economics is the growth of the
national economy, that of ecological economics is the sustainability of the global
economic and ecological system.Environmental economics and ecological economics
both provide a framework for identifying pathways that lead to environmental and
social problems. They both also provide ways of looking for solutions to these
problems.
Reference:
1: Essentials of Economics in Context | Neva Goodwin, Jonathan M. Harris,
by N Goodwin · 2020
2:Environmental and Natural Resource Economics: A Contemporary Approach
Book by Jonathan M. Harri
3:by A Rome · 2015 · Cited by 18 — Economist. Kenneth Boulding — author of The
Meaning of the Twentieth Century (1964)

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