Ecological economics

Ecological economics is an approach to economic theory that focuses on a strong link between ecosystem balance and people’s well-being. Sometimes referred to as “green economics,” it stands in sharp contrast to other streams of thought in economics. “Green economists” often hold more radical positions than those theorized by environmental economics, which generally hold more conventional positions on issues such as economic growth and optimality.

The origins of green economics can be found in the work of economists such as Nicholas Georgescu-Roegen (who called the strand of research he inaugurated bioeconomics) and Kenneth Boulding.

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