IDEAS home Printed from https://ideas.repec.org/p/vic/vicddp/2001.html
   My bibliography  Save this paper

Alfred Marshall, Evolutionary Economics and Climate Change: Raffaelli Lecture

Author

Abstract

The way in which any topic is analysed in economics depends on methodological approach. The purpose here is to explore the argument that the way in which climate change is addressed depends on how economics is understood to relate to the physical environment and also to the social and ethical environment. This involves an exploration of the formation of knowledge, both in economics and in the economy. Alfred Marshall’s evolutionary approach to knowledge formation was central to his approach to economics and to his understanding of economic behaviour. Here we consider the application of Marshall’s approach to issues around climate change, through the lens of the subsequent development of evolutionary economics and ecological economics.

Suggested Citation

  • Sheila Dow, 2020. "Alfred Marshall, Evolutionary Economics and Climate Change: Raffaelli Lecture," Department Discussion Papers 2001, Department of Economics, University of Victoria.
    • Handle: RePEc:vic:vicddp:2001
    Note: ISSN 1914-2838 JEL Classifications: B31,B52,Q54,Q57
    as

    Download full text from publisher

    File URL: https://www.uvic.ca/socialsciences/economics/_assets/docs/discussion/ddp2001.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Barbier , Edward B., 2020. "From Limits to Growth to Planetary Boundaries: The Evolution of Economic Views on Natural Resource Scarcity," 2020 Conference (64th), February 12-14, 2020, Perth, Western Australia 305259, Australian Agricultural and Resource Economics Society.
    2. Sheila C. Dow, 2014. "Animal spirits and organization," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 37(2), pages 211-231, December.
    3. Brian Loasby, 2003. "Closed models and open systems," Journal of Economic Methodology, Taylor & Francis Journals, vol. 10(3), pages 285-306.
    4. Fontana, Giuseppe & Sawyer, Malcolm, 2016. "Towards post-Keynesian ecological macroeconomics," Ecological Economics, Elsevier, vol. 121(C), pages 186-195.
    5. Ropke, Inge, 2004. "The early history of modern ecological economics," Ecological Economics, Elsevier, vol. 50(3-4), pages 293-314, October.
    6. Collard, David, 1996. "Pigou and Future Generations: A Cambridge Tradition," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 20(5), pages 585-597, September.
    7. Jan Kregel, 2014. "Minsky and dynamic macroprudential regulation," PSL Quarterly Review, Economia civile, vol. 67(269), pages 217-238.
    8. Marc Lavoie, 2014. "Post-Keynesian Economics: New Foundations," Post-Print hal-01343652, HAL.
    9. Katia Caldari, 2015. "Marshall and complexity: a necessary balance between process and order," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 39(4), pages 1071-1085.
    10. G. C. Harcourt, 1993. "A Man for All Systems: Talking with Kenneth Boulding," Palgrave Macmillan Books, in: Post-Keynesian Essays in Biography, chapter 7, pages 93-104, Palgrave Macmillan.
    11. Sinclair Davidson & Heath Spong, 2010. "Positive Externalities and R&D: Two Conflicting Traditions in Economic Theory," Review of Political Economy, Taylor & Francis Journals, vol. 22(3), pages 355-372.
    12. Sheila C. Dow, 2012. "Foundations for New Economic Thinking," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-00072-9, December.
    13. John Foster, 2011. "Evolutionary macroeconomics: a research agenda," Journal of Evolutionary Economics, Springer, vol. 21(1), pages 5-28, February.
    14. Christopher Freeman, 2008. "Systems of Innovation," Books, Edward Elgar Publishing, number 12797.
    15. Richard P.F. Holt & Steven Pressman & Clive L. Spash (ed.), 2009. "Post Keynesian and Ecological Economics," Books, Edward Elgar Publishing, number 12988.
    16. Harold Hotelling, 1931. "The Economics of Exhaustible Resources," Journal of Political Economy, University of Chicago Press, vol. 39(2), pages 137-137.
    17. Neil Hart, 2012. "Equilibrium and Evolution," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-36117-1, December.
    18. Caldari, Katia, 2004. "Alfred Marshall's Idea of Progress and Sustainable Development," Journal of the History of Economic Thought, Cambridge University Press, vol. 26(4), pages 519-536, December.
    19. Banzhaf, H. Spencer, 2019. "The Environmental Turn In Natural Resource Economics: John Krutilla And “Conservation Reconsidered”," Journal of the History of Economic Thought, Cambridge University Press, vol. 41(1), pages 27-46, March.
    20. Foster, John, 1993. "Economics and the Self-Organisation Approach: Alfred Marshall Revisited," Economic Journal, Royal Economic Society, vol. 103(419), pages 975-991, July.
    21. Skinner, Andrew Stewart, 1996. "A System of Social Science: Papers Relating to Adam Smith," OUP Catalogue, Oxford University Press, edition 2, number 9780198233343, Decembrie.
    22. Clive L. Spash & Anthony Ryan, 2012. "Economic Schools of Thought on the Environment: Investigating Unity and Division," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 36(5), pages 1091-1121.
    23. Halkos, George, 2011. "The evolution of environmental thinking in economics," MPRA Paper 35580, University Library of Munich, Germany.
    24. Katia Caldari & Fabio Masini, 2011. "Pigouvian versus Marshallian tax: market failure, public intervention and the problem of externalities," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 18(5), pages 715-732, December.
    25. Lynne Chester & Joy Paton, 2013. "The economic–environment relation: can post-Keynesians, Régulationists and Polanyians offer insights?," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(1), pages 106-121.
    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. Svartzman, Romain & Dron, Dominique & Espagne, Etienne, 2019. "From ecological macroeconomics to a theory of endogenous money for a finite planet," Ecological Economics, Elsevier, vol. 162(C), pages 108-120.
    2. Rezai, Armon & Stagl, Sigrid, 2016. "Ecological Macreconomics: Introduction and Review," Ecological Economic Papers 9, WU Vienna University of Economics and Business.
    3. Dafermos, Yannis & Nikolaidi, Maria & Galanis, Giorgos, 2017. "A stock-flow-fund ecological macroeconomic model," Ecological Economics, Elsevier, vol. 131(C), pages 191-207.
    4. Morgan, Jamie, 2017. "Piketty and the Growth Dilemma Revisited in the Context of Ecological Economics," Ecological Economics, Elsevier, vol. 136(C), pages 169-177.
    5. Roberto Veneziani & Luca Zamparelli & Michalis Nikiforos & Gennaro Zezza, 2017. "Stock-Flow Consistent Macroeconomic Models: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1204-1239, December.
    6. Franco, Marco P.V. & Gaspard, Marion & Mueller, Thomas, 2019. "Time discounting in Harold Hotelling's approach to natural resource economics: The unsolved ethical question," Ecological Economics, Elsevier, vol. 163(C), pages 52-60.
    7. Levallois, Clément, 2010. "Can de-growth be considered a policy option? A historical note on Nicholas Georgescu-Roegen and the Club of Rome," Ecological Economics, Elsevier, vol. 69(11), pages 2271-2278, September.
    8. Eckhard Hein & Valeria Jimenez, 2022. "The macroeconomic implications of zero growth: a post-Keynesian approach," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 19(1), pages 41-60, April.
    9. Richard Arena & Katia Caldari, 2019. "Léon Walras and Alfred Marshall : microeconomic rational choice or human and social nature?," Working Papers halshs-02400844, HAL.
    10. Tallgauer, Maximilian & Schank, Christoph, 2024. "Challenging the growth-prosperity Nexus: Redefining undergraduate economics education for the Anthropocene," Ecological Economics, Elsevier, vol. 216(C).
    11. André Gaspar Ciepliski & Simone D'Alessandro & Tiziano Distefano & Pietro Guarnieri, 2020. "Coupling environmental transition and social prosperity: a scenario-analysis of the Italian case," Discussion Papers 2020/256, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    12. Distefano, Tiziano & D’Alessandro, Simone, 2023. "Introduction of the carbon tax in Italy: Is there room for a quadruple-dividend effect?," Energy Economics, Elsevier, vol. 120(C).
    13. Vitor E. Schincariol, 2021. "Joan Robinson on Environment and Ecology," Agrarian South: Journal of Political Economy, Centre for Agrarian Research and Education for South, vol. 10(3), pages 440-462, December.
    14. Richters, Oliver & Siemoneit, Andreas, 2017. "Consistency and stability analysis of models of a monetary growth imperative," Ecological Economics, Elsevier, vol. 136(C), pages 114-125.
    15. Asjad Naqvi, 2015. "Modeling Growth, Distribution, and the Environment in a Stock-Flow Consistent Framework. WWWforEurope Policy Paper No. 18," WIFO Studies, WIFO, number 57883.
    16. Yannis Dafermos & Maria Nikolaidi, 2019. "Fiscal policy and ecological sustainability," FMM Working Paper 52-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    17. Naqvi, Asjad & Stockhammer, Engelbert, 2018. "Directed Technological Change in a Post-Keynesian Ecological Macromodel," Ecological Economics, Elsevier, vol. 154(C), pages 168-188.
    18. Eric Kemp-Benedict & Emily Ghosh, 2018. "Downshifting in the Fast Lane: A Post-Keynesian Model of a Consumer-Led Transition," Economies, MDPI, vol. 6(1), pages 1-17, January.
    19. Lynne Chester & Joy Paton, 2013. "The economic–environment relation: can post-Keynesians, Régulationists and Polanyians offer insights?," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(1), pages 106-121.
    20. Igor A. Yakovlev & Lyudmila S. Kabir & Svetlana I. Nikulina & Ivan D. Rakov, 2017. "Financing Green Economic Growth: Conceptions, Problems, Approaches," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 9-21, June.

    More about this item

    Keywords

    Alfred Marshall; evolutionary economics; environmental economics; ecological economics;
    All these keywords.

    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:vic:vicddp:2001. 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: Kali Moon (email available below). General contact details of provider: https://edirc.repec.org/data/devicca.html .

    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.