Beard, Rodney (1995): Reconciling resource economics and ecological economics: the economics of sustainability and resilience.
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Cross disciplinary dialogue between economics and ecology has within economics centered on the two subdisciplines of bioeconomics and ecological economics. This division in economics re ects the division in ecology between population and sys- tems ecologists. Recent developments in ecology are aimed at a more integrated approach to ecologic al research. One example of such an approach is that of models based on thermodynamic reaction networks. By applying the \Law of Mass Action" to biochemical descriptions of ecological networks, it is possible to reformulate eco- logical systems models as population dynamic models, which can then be embedded within a bioeconomic model framework. Analysis of bioeconomic models far from thermodynamic equilibrium is then possible from within either a steady-state or ergodic framework. The Glansdorff-Prigogine or other related stability criteria from non-equilibrium thermodynamics may then be applied to the study of bioeconomic systems.
|Item Type:||MPRA Paper|
|Original Title:||Reconciling resource economics and ecological economics: the economics of sustainability and resilience|
|Keywords:||Ecological economics, bioeconomic modelling, resource economics|
|Subjects:||B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology > B49 - Other
B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B59 - Other
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q57 - Ecological Economics: Ecosystem Services; Biodiversity Conservation; Bioeconomics; Industrial Ecology
|Depositing User:||Rodney Beard|
|Date Deposited:||09. Nov 2008 05:15|
|Last Modified:||12. Feb 2013 02:38|
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