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- W2054702962 abstract "This paper is devoted to the identification and comparison of the niches of neoclassical environmental economics (NEE) and ecological economics (ECO). It is presented in four sections. Section 1 argues that the existing literature does not make the differences and relations between the sister disciplines neatly transparent. Section 2 critically examines the antecedents of the subjects with reference to three structural dimensions, such as scarcity perception, problem-solving orientation and range of integration. Section 3 collates the elements and reformulates the definitions. Section 4 is coda on the essay. The divide between the paradigms which came to the surface during the 1960s became prominent through the “growth controversy” of the subsequent decade. The controversy over the need for change of economic theory to cope with the growing intensity of environmental uncertainty makes the disciplines sore about each other. The neoclassical paradigm comprising of elements like relative scarcity, allocative approach, market correction and technological optimism characterises NEE. The distinguishing characteristics of ECO include thermodynamic irreversibility, absolute scarcity, economy-ecosystem symbiosis, biophysical approach, ecological stewardship and prudent pessimism. The niches are competitive and complementary in some respects, and thus provide a unique example of fruitful niche diversification within environmental/ecological economics. We have a feeling that the economics profession can trace out the interface of the disciplines in some policy areas and raise the effectiveness of prescriptions so that this academic species diversity can serve humankind to its full potential." @default.
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- W2054702962 date "1994-09-01" @default.
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- W2054702962 title "Niche diversification in environmental/ecological economics" @default.
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- W2054702962 doi "https://doi.org/10.1016/0921-8009(94)90045-0" @default.
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