Ecological economics

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Ecological Economics

Ecological economics (pronunciation: /ˌiːkəˈlɒdʒɪkəl iːkəˈnɒmɪks/) is an interdisciplinary field that aims to address the interdependence and co-evolution of human economies and natural ecosystems over time and space. It is distinguished from Environmental economics by its assertion that the economy is embedded within an environmental system.

Etymology

The term "Ecological economics" is derived from the fields of Ecology and Economics. "Ecology" comes from the Greek words "oikos" meaning "house" and "logos" meaning "study of", while "Economics" is derived from the Greek word "oikonomia" meaning "management of a household".

Related Terms

  • Sustainability: The capacity to endure; it is how biological systems remain diverse and productive indefinitely.
  • Natural Capital: The world's stocks of natural assets which include geology, soil, air, water and all living things.
  • Green Economy: An economy that aims at reducing environmental risks and ecological scarcities.
  • Environmental Economics: A sub-field of economics that is concerned with environmental issues.

See Also

External links

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