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A human ecology economics (HEE) framework for the analysis of financial instability and capital accumulation

In: Financial Crises and Recession in the Global Economy

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Abstract

This chapter presents a ‘human ecology economics (HEE)’ framework to guide research and policymaking on large-scale financial crisis and then uses the HEE framework to elaborate recent financial instabilities. It identifies the longer-term role of various kinds of ‘capital’ in the financial system, including how capital is important for sustainable growth and development. ‘Transaction capital’ is shown to include interrelated processes of ‘financial capital’, ‘informational capital’, and ‘social capital’, and transactional capital is shown to be increasingly important to economic growth and development. Processes of capital accumulation are discussed. A case study of Eastern Europe is illustrative.

Suggested Citation

  • ., 2023. "A human ecology economics (HEE) framework for the analysis of financial instability and capital accumulation," Chapters, in: Financial Crises and Recession in the Global Economy, chapter 5, pages 136-160, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21773_5
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    File URL: https://www.elgaronline.com/doi/10.4337/9781803927572.00012
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