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Green economics: putting the planet and politics back into economics

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  • Molly Scott Cato

Abstract

Green economics is arising from a study of the economy that takes a philosophical position characterised by a deep respect for nature. It is primarily a system of ideas and principles, rather than a rationally argued intellectual position. Its ideas are powerful and influential on developments in policy and politics, but it is presently less well grounded in the academy. Green economists do not dwell overmuch on introspection and their method is implicit rather than explicit, relying on a grounded, embedded and phenomenological approach and rejecting the scientism and spurious objectivity of neoclassical economics. In this paper I outline four key issues central to a green study of the economy: the need to end economic growth; the importance of equality and questions of the just distribution of resources; the requirement to consider appropriate scale in economic decision-making; and the need to include multiple perspectives in the study of economics. Copyright , Oxford University Press.

Suggested Citation

  • Molly Scott Cato, 2012. "Green economics: putting the planet and politics back into economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 36(5), pages 1033-1049.
    • Handle: RePEc:oup:cambje:v:36:y:2012:i:5:p:1033-1049
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    File URL: http://hdl.handle.net/10.1093/cje/bes022
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    Cited by:

    1. Naqvi, Asjad & Stockhammer, Engelbert, 2018. "Directed Technological Change in a Post-Keynesian Ecological Macromodel," Ecological Economics, Elsevier, vol. 154(C), pages 168-188.
    2. M. Kanerva, 2022. "Consumption Corridors and the Case of Meat," Journal of Consumer Policy, Springer, vol. 45(4), pages 619-653, December.
    3. Massimo Battaglia & Enrico Cerrini, 2015. "Gli accordi di programma come volano per lo sviluppo di nuove professionalit? "green": evidenze da due esperienze nazionali," QUADERNI DI ECONOMIA DEL LAVORO, FrancoAngeli Editore, vol. 2015(104), pages 95-114.

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