Interpreting Ecological Economics in the Neoclassical Paradigm: Limits to Substitution and Irreversibility in Production and Consumption
There are many methodological approaches within ecological economics. Modifications to the neoclassical paradigm represents one of the principal modes of analysis. This paper examines the parallels between the ideas of some ecological economists concerning production and consumption, when viewed from a neoclassical perspective. It is well known that ecological economics is characterized by various arguments concerning limits to substitution between various inputs (energy, natural capital etc....[Show more]
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