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Political Economy, Capitalism and Sustainable Development

Author

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  • George Liodakis

    (Department of Sciences, Technical University of Crete, 73100 Chania, Greece)

Abstract

After a critical review of conventional approaches to sustainability, this paper contrasts orthodox (neoclassical) economic theory with a political economy approach, arguing that such an approach focusing on the historically specific organizational form of production and the inherent characteristics of the capitalist mode of production is crucial for exploring the preconditions, the content and the prospects of sustainability. Analyzing briefly these characteristics and the developmental trends of capitalism, we locate the basic causes behind the currently exacerbated economic and ecological crisis, and on these grounds we briefly explore the required systemic transformations necessary to ensure a socially and ecologically, truly sustainable development.

Suggested Citation

  • George Liodakis, 2010. "Political Economy, Capitalism and Sustainable Development," Sustainability, MDPI, vol. 2(8), pages 1-16, August.
    • Handle: RePEc:gam:jsusta:v:2:y:2010:i:8:p:2601-2616:d:9311
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    Citations

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    Cited by:

    1. Batara Surya & Hadijah Hadijah & Seri Suriani & Baharuddin Baharuddin & A. Tenri Fitriyah & Firman Menne & Emil Salim Rasyidi, 2020. "Spatial Transformation of a New City in 2006–2020: Perspectives on the Spatial Dynamics, Environmental Quality Degradation, and Socio—Economic Sustainability of Local Communities in Makassar City, Ind," Land, MDPI, vol. 9(9), pages 1-50, September.
    2. George Liodakis, 2023. "Tourism, Value Appropriation, and Ecological Degradation," Tourism and Hospitality, MDPI, vol. 4(3), pages 1-13, July.
    3. Agni Kalfagianni & Lena Partzsch & Miriam Beulting, 2020. "Governance for global stewardship: can private certification move beyond commodification in fostering sustainability transformations?," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 37(1), pages 65-81, March.

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