 Show CHAPTER 17—ENVIRONMENTAL ECONOMICS, POLITICS, AND WORLDVIEWS MULTIPLE CHOICE 3.In a market-based economic system, economic decisions about prices are made by a.supply and demand b.the government c.past customs and experience d.the banks e.none of these answers 4. Which type of economist views economic systems as subsystems of the biosphere that depend heavily on irreplaceable natural resources? a.neoclassical b.ecological c.environmental d.all of these answers e.none of these answers 5.The ecological economist believes that conventional economic growth will eventually a. Pull us out of our dependence on Middle Eastern oil. b.Lead us into a socialist economy. c.Become unsustainable because it will deplete natural capital. d.Lead us into a sustainable economy. e.Collapse when oil runs out. 6.The view that natural resources are important but not indispensable is held by a. environmental economists b.ecological economists c.Eastern European economists d.neoclassical economists e.classical economists 7.Goods and services are produced by a.natural capital b.human capital c.manufactured capital d.manufactured and human capital e.natural, human, and manufactured capital 8.The category of economist that has taken the middle ground in the debate about economic growth, and believes in fine-tuning economic systems and tools, is the a.ecological economist b.environmental economist c.neoclassical economist d.neoconservative economist e.high-throughput economist 9.Which of the following is not an external cost of driving a domestic car? a.air pollution and litter 363 Abstract This paper gives an ecologist's overview of the deteriorating environmental situation. It then describes areas where the activities of ecological economists seem appropriate (e.g., ecosystem service valuation, trade) and others requiring more attention (e.g., definitions of utility, social discounting, preserving population diversity, global toxification, the epidemiological environment, overpopulation, overconsumption, the economic impacts of nuclear explosions, and the equilibration of opportunity costs when attempting to solve global dilemmas). A general problem is the failure of ecological economists adequately to communicate their results and concerns to the general public and to decision makers. In view of the demonstrable failure of traditional economics to focus its attention on what will be the central issues of the twenty-first century, it is clear that ecological economics is in a position to become the central subdiscipline of economics. In order to do so, it is important for ecological economists to always keep the 'Big picture' Journal Information Environment and Development Economics is positioned at the intersection of environmental, resource and development economics. The Editor and Associate Editors, supported by a distinguished panel of advisors from around the world, aim to encourage submissions from researchers in the field in both developed and developing countries. The Journal is divided into two main sections, Theory and Applications, which includes regular academic papers and Policy Options, which includes papers that may be of interest to the wider policy community. Publisher Information Cambridge University Press (www.cambridge.org) is the publishing division of the University of Cambridge, one of the world’s leading research institutions and winner of 81 Nobel Prizes. Cambridge University Press is committed by its charter to disseminate knowledge as widely as possible across the globe. It publishes over 2,500 books a year for distribution in more than 200 countries. Cambridge Journals publishes over 250 peer-reviewed academic journals across a wide range of subject areas, in print and online. Many of these journals are the leading academic publications in their fields and together they form one of the most valuable and comprehensive bodies of research available today. For more information, visit http://journals.cambridge.org. Rights & Usage This item is part of a JSTOR Collection. What is the main objective of ecological economists?The three interrelated goals of ecological economics are sustainable scale, fair distribution, and efficient allocation. All three of these contribute to human well-being and sustainability. Distribution has many different impacts, not the least of which is its impact on social capital and on quality of life.
What is ecological economic theory?Ecological Economics addresses the relationships between ecosystems and economic systems in the broadest sense. These relationships are the locus of many of our most pressing current problems (i.e. sustainability. acid rain. global warming, species extinction.
What is ecological growth?1 A gradual process of environmental modification by organisms. 2 An approach to development that takes into account ecological factors and the need to conserve biodiversity and protect ecological systems. See also sustainable development.
What is sustainability economics ecological economics?Briefly put, sustainability economics studies joint problems of efficiency and justice. This is in contrast to, say, environmental and resource economics which traditionally focuses on problems of efficiency, or environmental ethics which traditionally focuses on problems of justice.
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The ecological economist believes that conventional economic growth will eventually
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