IDEAS home Printed from https://ideas.repec.org/p/arx/papers/1905.03338.html
   My bibliography  Save this paper

A Policy Compass for Ecological Economics

Author

Listed:
  • Mich`ele Friend

Abstract

A policy compass indicates the direction in which an institution is going in terms of three general qualities. The three qualities are: suppression, harmony and passion. Any formal institution can develop a policy compass to examine the discrepancy between what the institution would like to do (suggested in its mandate) and the actual performance and situation it finds itself in. The latter is determined through an aggregation of statistical data and facts. These are made robust and stable using meta-requirements of convergence. Here, I present a version of the compass adapted to embed the central ideas of ecological economics: that society is dependent on the environment, and that economic activity is dependent on society; that we live in a world subject to at least the first two laws of thermodynamics; that the planet we live on is limited in space and resources; that some of our practices have harmful and irreversible consequences on the natural environment; that there are values other than value in exchange, such as intrinsic value and use value. In this paper, I explain how to construct a policy compass in general. This is followed by the adaptation for ecological economics. The policy compass is original, and so is the adaptation. The compass is inspired by the work of Anthony Friend, Rob Hoffman, Satish Kumar, Georgescu-Roegen, Stanislav Schmelev, Peter S\"oderbaum and Arild Vatn. In the conclusion, I discuss the accompanying conception of sustainability.

Suggested Citation

  • Mich`ele Friend, 2019. "A Policy Compass for Ecological Economics," Papers 1905.03338, arXiv.org.
    • Handle: RePEc:arx:papers:1905.03338
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/1905.03338
    File Function: Latest version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jan Peil & Irene van Staveren (ed.), 2009. "Handbook of Economics and Ethics," Books, Edward Elgar Publishing, number 4252.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kader, Haithem, 2021. "Human well-being, morality and the economy: an Islamic perspective," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 28, pages 102-123.
    2. Jo, Tae-Hee, 2011. "Heterodox Critiques of Corporate Social Responsibility," MPRA Paper 35367, University Library of Munich, Germany.
    3. Irene van Staveren, 2014. "The Lehman Sisters hypothesis," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 38(5), pages 995-1014.
    4. Fabian Scholtes & Daniel Neff & Florian Lampe, 2018. "The Role And Sources Of Agency And Self-Employment Over The Life Course: Micro-Entrepreneurs In Kampala, Uganda," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 23(04), pages 1-21, December.
    5. Menudo, Jose M., 2011. "Market Stability in Adam Smith: Competitive Process and Institutions," MPRA Paper 15361, University Library of Munich, Germany.
    6. Alejandra Boni Aristizabal & Enrica Chiappero & Andrés Hueso González & Monserrath X. Lascano Galarza & Luigi Bisceglia, 2014. "Analizando programas de Máster en el ámbito de la cooperación al desarrollo desde la perspectiva del desarrollo humano: exploración y comparación de tres experiencias," Investigaciones de Economía de la Educación volume 9, in: Adela García Aracil & Isabel Neira Gómez (ed.), Investigaciones de Economía de la Educación 9, edition 1, volume 9, chapter 2, pages 59-89, Asociación de Economía de la Educación.
    7. Silvestri, Paolo, 2015. "Disputed (Disciplinary) Boundaries. Philosophy, Economics, Value Judgments," CESMEP Working Papers 201504, University of Turin.
    8. van Staveren, I.P., 2012. "The Lehman Sisters Hypothesis: an exploration of literature and bankers," ISS Working Papers - General Series 545, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    9. Mabsout, Ramzi, 2015. "Mindful capability," Ecological Economics, Elsevier, vol. 112(C), pages 86-97.
    10. Martha A. Starr, 2010. "Increasing the Impact of Heterodox Work: Insights from RoSE," American Journal of Economics and Sociology, Wiley Blackwell, vol. 69(5), pages 1453-1474, November.
    11. Altug Yalcintas & Isil Sirin Selcuk, 2016. "Research Ethics Education in Economics," Review of Social Economy, Taylor & Francis Journals, vol. 74(1), pages 53-74, March.
    12. von Braun, Joachim, 2023. "UN Food Systems Summit 2021 – What Role Science and Innovation in the Summit and in Countries’ Plans and Why?," Discussion Papers 330050, University of Bonn, Center for Development Research (ZEF).
    13. Sami Al-Suwailem, 2012. "Complexity and Endogenous Instability," ASSRU Discussion Papers 1203, ASSRU - Algorithmic Social Science Research Unit.
    14. Arkadiusz Sieron, 2020. "Some Problems of Behavioral Economics," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 336-362.
    15. Lukáš Augustin Máslo, . "Kaldor-Hicks Improvement and Justice: To the Discussion on Normative Economics," Politická ekonomie, Prague University of Economics and Business, vol. 0.
    16. Bettina Mahlert, 2021. "Needs and Satisfiers: A Tool for Dealing with Perspectivity in Policy Analysis," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 33(6), pages 1455-1474, December.
    17. Fabrice Le Lec & Benoît Tarroux, 2012. "On attitude towards choice - Some experimental evidence of choice aversion," Economics Working Paper Archive (University of Rennes & University of Caen) 201230, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
    18. Karey Harrison, 2013. "Ontological Commitments of Ethics and Economics," Economic Thought, World Economics Association, vol. 2(1), pages 1-1, April.
    19. Sara Rodriguez-Gomez & Maria Lourdes Arco-Castro & Maria Victoria Lopez-Perez & Lazaro Rodríguez-Ariza, 2020. "Where Does CSR Come from and Where Does It Go? A Review of the State of the Art," Administrative Sciences, MDPI, vol. 10(3), pages 1-19, August.
    20. Prinz, Aloys & Muehlbacher, Stephan & Kirchler, Erich, 2014. "The slippery slope framework on tax compliance: An attempt to formalization," Journal of Economic Psychology, Elsevier, vol. 40(C), pages 20-34.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:1905.03338. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.