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The Ecological Economics of Economic Democracy

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  • Akbulut, Bengi
  • Adaman, Fikret

Abstract

Ecological economics is at a sharp crossroads today, mostly due to the unprecedented scale of the intertwined social and ecological crises we face. We argue that the discipline should engage with the thinking and practices around alternatives to capitalism more substantially, as this is essential and invaluable for the discipline's ability to contribute to a just and sustainable future. We outline an agenda for future ecological economics research on economic alternatives that are shaped by the concrete ways in which economic democracy deals with issues of uncertainty, complexity and value incommensurability, and contribute to a kind of political economy that ecological economics would advocate. We lay out how this question could be operationalised within the context of allocation and exchange (i.e. alternatives to market), production and investment (i.e. alternatives to capitalist firm) and economic subjectivities (i.e. alternatives to self-interest).

Suggested Citation

  • Akbulut, Bengi & Adaman, Fikret, 2020. "The Ecological Economics of Economic Democracy," Ecological Economics, Elsevier, vol. 176(C).
  • Handle: RePEc:eee:ecolec:v:176:y:2020:i:c:s0921800919310298
    DOI: 10.1016/j.ecolecon.2020.106750
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    References listed on IDEAS

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    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Schools of Economic Thought, Epistemology of Economics > Heterodox Approaches > Ecological Economics
    2. > Schools of Economic Thought, Epistemology of Economics > Heterodox Approaches > Ecological Economics > Social Ecological Economics

    Citations

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    Cited by:

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    2. Kish, K. & Mallery, D. & Yahya Haage, G. & Melgar-Melgar, R. & Burke, M. & Orr, C. & Smolyar, N.L. & Sanniti, S. & Larson, J., 2021. "Fostering critical pluralism with systems theory, methods, and heuristics," Ecological Economics, Elsevier, vol. 189(C).
    3. Margarita Ignatyeva & Vera Yurak & Oksana Logvinenko, 2020. "A New Look at the Natural Capital Concept: Approaches, Structure, and Evaluation Procedure," Sustainability, MDPI, vol. 12(21), pages 1-21, November.
    4. Jonek-Kowalska, Izabela, 2022. "Towards the reduction of CO2 emissions. Paths of pro-ecological transformation of energy mixes in European countries with an above-average share of coal in energy consumption," Resources Policy, Elsevier, vol. 77(C).
    5. DeMartino, George & Grabel, Ilene & Scoones, Ian, 2024. "Economics for an uncertain world," World Development, Elsevier, vol. 173(C).

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