Sunday, June 2, 2013

Ecological Economics (Daly and Farley 2004)

The value of ecosystem services has been neglected in economics ~ and it is becoming increasingly apparent that this is an important component in the value chain of advancing modern society.  As the illustrations exhibit,  the provision of ecological value to the welfare of the planet is considerably reduced, and there is an increased reliance on the created value through traditional economic service.  The argument put forward is that this approach becomes increasingly expensive and less sustainable.  Or does the capacity for human adaption keep a balance ~ that is probably the question that will be answered over the next 100yrs.


Ecological Economics Comes of Age

"The ideas which are here expressed so laboriously are extremely simple and should be obvious. The difficulty lies, not in the new ideas, but in escaping from the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds."  
 John Maynard Keynes

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