On the conceptual foundations of ecological economics: A teleological approach

Faber, Malte; Manstetten, Reiner; Proops, John L. R.

doi:10.1016/0921-8009(94)00022-n

Cited by 31 publications

(22 citation statements)

References 5 publications

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“…Some illustrative references to the latter subject may be found in Jansson et al (1994) and Faber et al (1995) and to the accounting and valuation of natural capital in Lutz (1993) and . The essence of the concept of capital is that it is a stock that possesses the capacity of giving rise to flows of goods and/or services.…”

Section: The Concept Of Natural Capital and Its Functionsmentioning

confidence: 99%

A framework for the practical application of the concepts of critical natural capital and strong sustainability

Ekins¹,

Simon²,

Deutsch³

et al. 2003

Ecological Economics

647

377

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This paper develops a methodology for identifying that natural capital-called critical natural capital (CNC)-the maintenance of which is essential for environmental sustainability. By consideration of the characteristics of natural capital, of the environmental functions that these characteristics enable natural capital to perform and of the importance of these functions to humans and the biosphere, it shows how sustainability standards in respect of these environmental functions may be derived. The difference between the current situation and these standards is termed the sustainability gap. The methodology that emerges from bringing these ideas together into a single analytical framework enables policy makers to identify the extent of current unsustainability, the principal causes of it, the elements and processes of natural capital (the CNC) which need to be maintained or restored to close the sustainability gap and the costs of so doing. The framework should therefore be of use in identifying priorities and policies for moving towards environmental sustainability.

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Section: The Concept Of Natural Capital and Its Functionsmentioning

confidence: 99%

A framework for the practical application of the concepts of critical natural capital and strong sustainability

Ekins¹,

Simon²,

Deutsch³

et al. 2003

Ecological Economics

647

377

View full text Add to dashboard Cite

show abstract

“…On the other hand, of course, costs incurred when unduly narrow governance circumscribes assessment, excludes alternatives or sidelines relevant uncertainties can prove to be very large [ 81 , 82 ]. Once realised, it can be extremely costly to address (potentially irreversible) environmental effects [ 83 , 84 ] or shift away from technologies that have already locked in [ 26 , 85 – 87 ]. These possible wider burdens of narrow governance are important to take seriously, because they often fall most heavily on people who are in other ways most excluded and vulnerable [ 21 , 88 – 90 ].…”

Section: Obstacles and Promises Of Public Participationmentioning

confidence: 99%

Towards inclusive social appraisal: risk, participation and democracy in governance of synthetic biology

2018

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Frameworks that govern the development and application of novel products, such as the products of synthetic biology, should involve all those who are interested or potentially affected by the products. The governance arrangements for novel products should also provide a democratic mechanism that allows affected parties to express their opinions on the direction that innovation does or does not take. In this paper we examine rationales, obstacles and opportunities for public participation in governance of novel synthetic biology products. Our analysis addresses issues such as uncertainties, the considering of alternative innovations, and broader social and environmental implications. The crucial issues in play go beyond safety alone, to include contending social values around diverse notions of benefit and harm. The paper highlights the need for more inclusive social appraisal mechanisms to inform governance of Synthetic Biology and alternative products, and discusses a few practical methods to help achieve this goal.

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“…As noted in Section I, the increasing awareness among scientists of environmental and resource problems and the dissatisfaction with the state of environmental and resource economics based on the neoclassical paradigm has led to the emergence of the new field of ecological economics (for an overview, see, for example, Costanza 1991 and Faber et al 1996). Ecological economics demands an encompassing view on the compound system of nature and economy.…”

Section: From Neo‐austrian Capital Theory To Ecological Economicsmentioning

confidence: 99%

Heterogeneity and Time

Faber

Winkler

2006

American J Econ Sociol

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Although heterogeneity and time are central aspects of economic activity, it was predominantly the Austrian School of economics that emphasized these two aspects. In this paper we argue that the explicit consideration of heterogeneity and time is of increasing importance due to the increasing environmental and resource problems faced by humankind today. It is shown that neo-Austrian capital theory, which revived Austrian ideas employing a formal approach in the 1970s, is not only well suited to address issues of structural change and of accompanying unemployment induced by technical progress but also can be employed for an encompassing ecological-economic analysis demanded by ecological economics. However, complexity, uncertainty, and real ignorance limit the applicability of formal economic analysis. Therefore, we conclude that economic analysis has to be supplemented by considerations of political philosophy. He has published in capital theory, the valuation of ecosystem goods and services, structural change, decisions under uncertainty, and intertemporal decision making and discounting. The authors are grateful to Kate Farrell and Thomas Peterson for valuable comments on an earlier draft.

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On the conceptual foundations of ecological economics: A teleological approach

Cited by 31 publications

References 5 publications

A framework for the practical application of the concepts of critical natural capital and strong sustainability

A framework for the practical application of the concepts of critical natural capital and strong sustainability

Towards inclusive social appraisal: risk, participation and democracy in governance of synthetic biology

Heterogeneity and Time

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