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Mainstream economics toolkit within the ecological economics framework

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  • Dzeraviaha, Ihar

Abstract

Development of ecological economics was a response to the environmental crisis born by the economic growth. Ecological economics, in contrast to mainstream economics, is characterized by value pluralism and interdisciplinary approach that makes it hard to achieve methodological unanimity. This paper considers if the mainstream methods could be used to tackle environment problems effectively. To this purpose, the integrated macro model is proposed. It suggests that all environment externalities could be accounted in the existing production-consumption system. So using the new ideology based on ecological economics priorities and applying the toolkit of mainstream economics, we could transform the existing pricing system and provide effective institutional reforms to ensure sustainable development.

Suggested Citation

  • Dzeraviaha, Ihar, 2018. "Mainstream economics toolkit within the ecological economics framework," Ecological Economics, Elsevier, vol. 148(C), pages 15-21.
    • Handle: RePEc:eee:ecolec:v:148:y:2018:i:c:p:15-21
    DOI: 10.1016/j.ecolecon.2017.10.024
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    References listed on IDEAS

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    Cited by:

    1. Yu, Xiang & Zhang, Yongsheng, 2021. "An economic mechanism of industrial ecology: Theory and evidence," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 14-22.
    2. Terrance Quinn, 2023. "An Emergent Transdisciplinary Methodology for Effective Collaboration in Ecological Economics," Sustainability, MDPI, vol. 15(9), pages 1-22, May.
    3. Best, Rohan & Chareunsy, Andrea & Li, Han, 2021. "Equity and effectiveness of Australian small-scale solar schemes," Ecological Economics, Elsevier, vol. 180(C).
    4. repec:aly:journl:201825 is not listed on IDEAS

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