The Economics of Nature

  • Fraser Murison Smith


This chapter chronicles the economics of nature as it evolved around the fringes of the mainstream, identifying elements that could serve a future economics. It begins with the emergence of natural resource economics, which was an economics of optimal exploitation. Over time, new branches emerged that took a progressively more generative stance to the relation between the economy and nature. The chapter critiques recent developments in ecological and biophysical economics, and suggests how these disciplines might become part of the future mainstream.


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© The Author(s) 2019

Authors and Affiliations

  • Fraser Murison Smith
    • 1
  1. 1.San RafaelUSA

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