Ecological Economics: Principles And Applications
Citations
1,641 citations
Cites background from "Ecological Economics: Principles An..."
...By the 1980s, frustration with progress led to a second school of thought, Ecological Economics, separating itself and developing a more ecologicallycentred approach (Daly and Farley, 2004)....
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...By the 1980s, frustration with progress led to a second school of thought, Ecological Economics, separating itself and developing a more ecologically-centred approach (Daly and Farley 2004)....
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872 citations
Cites background from "Ecological Economics: Principles An..."
...The classic concept of economic equilibrium is based on negative feedback: Any increase in production drives down prices, which will, in turn, reduce production if it is above the optimal level of profitability (75)....
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843 citations
Cites background from "Ecological Economics: Principles An..."
...Initially, externalities were defined as unintended consequences on one agent of an economic activity carried out by another agent, for which no compensation occurred (see e.g., Pearce and Turner, 1990 or Daly and Farley, 2010.)....
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...A distinction between monetisation and expressing ecosystem service values in monetary terms is proposed and discussed in De Groot et al. (2012) of Ecosystem Services. New methods, techniques and combinations of different methodological approaches (e.g., monetary, deliberative and multi-criteria methods) are looked for, to deal with the challenges of decreasing natural capital, increasing demand for provisioning, cultural and regulatory services at the same time in the same region and increasing involvement of stakeholders with wide ranging interests and preferences. Collaboration between ecologists and economists, including learning each other’s language, paradigms, methods and models, are considered mandatory to develop valuation techniques that are better suited to dealing with the above listed complexities of life on earth. The paper by De Groot et al. (2012) summarises the latest state-of-the-art regarding monetary valuation of the total bundle of ecosystem services provided by the main ecosystem types....
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...A distinction between monetisation and expressing ecosystem service values in monetary terms is proposed and discussed in De Groot et al. (2012) of Ecosystem Services....
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769 citations
Cites background from "Ecological Economics: Principles An..."
...Authors (Costanza and Daly, 1992; Daly and Farley, 2003; de Groot et al., 2002; Ekins et al., 2003a) agree that natural capital yields ecosystem services but the nature of these ecosystem services is still debated in the literature (Costanza 2008; Fisher & Kerry Turner 2008; Wallace, 2007)....
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...Ecological economist Herman Daly somewhat bravely presents an even broader contextualisation of human needs, in terms of his “end-means” spectrum (Daly and Farley, 2003)....
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677 citations
Cites background from "Ecological Economics: Principles An..."
...More recently, the use of ‘natural capital’, from thefields of applied ecology and ecological economics (Daly and Farley, 2011; Jansson, 1994; Costanza andDaly, 1992; Schumacher, 1973) and the idea of ‘ecosystem services’ has become widespread (Costanza et al., 1998; Daily, 1997; MA, 2005;…...
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...More recently, the use of ‘natural capital’, from thefields of applied ecology and ecological economics (Daly and Farley, 2011; Jansson, 1994; Costanza andDaly, 1992; Schumacher, 1973) and the idea of ‘ecosystem services’ has become widespread (Costanza et al....
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