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Titolo:
LIMITS TO SUBSTITUTION AND IRREVERSIBILITY IN PRODUCTION AND CONSUMPTION - A NEOCLASSICAL INTERPRETATION OF ECOLOGICAL ECONOMICS
Autore:
STERN DI;
Indirizzi:
AUSTRALIAN NATL UNIV,CTR RESOURCE & ENVIRONM STUDIES CANBERRA ACT 0200 AUSTRALIA
Titolo Testata:
Ecological economics
fascicolo: 3, volume: 21, anno: 1997,
pagine: 197 - 215
SICI:
0921-8009(1997)21:3<197:LTSAII>2.0.ZU;2-T
Fonte:
ISI
Lingua:
ENG
Soggetto:
WILLINGNESS-TO-PAY; VALUING PUBLIC-GOODS; TECHNICAL CHANGE; EXISTENCE VALUE; ENERGY; SUSTAINABILITY; ACCEPT; DIFFERENCE; COMPLEMENTARITY; PRESERVATION;
Keywords:
ECOLOGICAL ECONOMICS; NEOCLASSICAL PARADIGM; SUBSTITUTION; IRREVERSIBILITY; CONSUMPTION; PRODUCTION;
Tipo documento:
Article
Natura:
Periodico
Settore Disciplinare:
Physical, Chemical & Earth Sciences
Science Citation Index Expanded
Science Citation Index Expanded
Citazioni:
121
Recensione:
Indirizzi per estratti:
Citazione:
D.I. Stern, "LIMITS TO SUBSTITUTION AND IRREVERSIBILITY IN PRODUCTION AND CONSUMPTION - A NEOCLASSICAL INTERPRETATION OF ECOLOGICAL ECONOMICS", Ecological economics, 21(3), 1997, pp. 197-215

Abstract

There are many methodological approaches within ecological economics. One of the principal modes of analysis is a modified version of the 'standard neoclassical model'. This paper examines the parallels which emerge between the ideas of some ecological economists concerning production and the ideas of others concerning consumption, when these ideas are interpreted in the neoclassical paradigm. It is well known that ecological economics is characterized by arguments concerning limits to substitution between inputs (energy, natural capital, etc., vs. manufactured capital, labor, etc.) in production and the implications these have for sustainability. However, various authors have also expressed concerns regarding limits to substitution in consumption, either between environmental assets and other goods or between basic needs commodities and other goods. Though the specific reasons for non-substitution are different in the production and consumption cases, the underlying theme is that individual commodities and other inputs have unique physical or other properties which make them poor substitutes. Ideas about irreversibility in production and economic development are also prominent in ecological economics. Likewise, many authors have argued for similar irreversibilities in consumption behavior. In analogy to theterm technological change, I coin the term ''preferential change'' todescribe these phenomena. The linking themes in this case are that the economy-environment system is evolutionary in character and that external effects-intended and unintended consequences of actions or processes imposed on other parties or resources-are all pervasive.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 27/10/20 alle ore 04:53:00