ecological economics
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by
Steven
N.
Durlauf
and
Lawrence
E.
Blume
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Abstract
Ecological economics is the study of the interactions and co-evolution in time and space of human economies and the ecosystems in which human economies are embedded. It uncovers the links and feedbacks between human economies and ecosystems, and so provides a unified picture of ecology and economy. The link between ecology and human economies has been manifested in the development of resource management or bio-economic models, in which the main focus has been on fishery or forestry management where the impact of humans on ecosystems is realized through harvesting. More closed links have been developed, however, as both disciplines evolve.
Keywords
adiabatic parameter; biodiversity; bio-economics; Boulding, K.; Diffusion; ecological economics; ecology; ecosystems; externalities; Fisher–Kolmogorov equation; intrinsic growth rate; Kolmogorov model; logistic function; Lotka, A.; Nash equilibrium; optimality behaviour; predator–prey models; random walk models; Red Queen hypothesis; spatial economics; tragedy of the commons; Turing mechanism; Volterra, V.
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How to cite this article
Xepapadeas, Anastasios. "ecological economics." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 18 May 2013 <http://pde-aux1.pde.pm.semcs.net/article?id=pde2008_E000221> doi:10.1057/9780230226203.0423

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