The Predicament of Ecological-Economic Valuation and the Need for Linkage Through an Institutional Framework

  • H. Thomas
  • R. Mark
Part of the Einstein Meets Magritte: An Interdisciplinary Reflection on Science, Nature, Art, Human Action and Society book series (EMMA, volume 5)

Abstract

Human societies have evolved from small scale subsistence to the present state of globally interdependent societies. This development has transformed not only societies in terms of their scale but also ecological systems (ecosystems) which have been substituted by human induced environments in order to provide natural resources and space to societies. This ancient drive to survive and improve the well-being of humans is increasingly becoming ecologically unsustainable. Economic development is being made at the expense of the health of ecosystems, reflected in the reduction of biodiversity, resilience, etc.

Keywords

Temporal Scale Economic System Institutional Framework Economic Agent Industrial Society 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. 0.
    The British 18th century was characterized by strong growth of population and domestic economic activities. There were only about 10–15 county banks in the countryside of Britain in 1750, due to a financial crash (The South Sea Bubble). In 1797 there were 290 county banks, 370 in 1800 and over 600 in 1810 [4].Google Scholar
  2. 1.
    Beniger, J.R., The Control Revolution, Harvard University Press, Cambridge, USA, 1986.Google Scholar
  3. 2.
    Boorstin, D.J., The Discoverers: A History of Man’s Search to Know his World and Himself, Vintage books, New York, USA, 1985.Google Scholar
  4. 3.
    Braudel, F., Världens Tid (Le Temps du Monde), Gidlunds backer, Stockholm, Sweden, 1986.Google Scholar
  5. 4.
    Braudel, F., Marknadens Spel (Les Jeux de L’Echange), Gidlunds backer, Stockholm, Sweden, 1986.Google Scholar
  6. 5.
    Coase, R.H., The Institutional Structure of Production, The Nobel Foundation. Sweden, 1991.Google Scholar
  7. 6.
    Coase, R.H., “The Nature of The Firm”, Economica Journal (Number 4), 1937.Google Scholar
  8. 7.
    Daly, H., “Alternative strategies for Integrating Economics and Ecology”, In: Jansson, A.M. (ed.), Integration of Economy and Ecology. An Outlook for the Eighties, Proceeding From The Wallenberg Symposia, Sweden, 1984.Google Scholar
  9. 8.
    Dillard, D., Västeuropas och Förenta Staternas Ekonomiska Historia (Economic Development of the North Atlantic Community), Gleerups, Malmö, Sweden, 1967.Google Scholar
  10. 9.
    Ekelund R.B. and Rebert, R.F., A History of Economic Theory and Method, McGraw-Hill Publishing Company, International Edition, 1990.Google Scholar
  11. 10.
    Rolling, C.S., “The Resilience of Terrestrial Ecosystems; Local Surprise and Global Change”, In: Clark, W.C. and Murm, R.E. (eds.), Sustainable Development of the Biosphere, IIASA, 1986.Google Scholar
  12. 11.
    Rolling, C.S., Cross-Scale Morphological Geometry and Dynamics of Ecosystems. Ecological Monographs, 1992.Google Scholar
  13. 12.
    Kates, R.W., Turner, B.L. and Clark, W.C., “The Great Transformation”, in: Turner, B.L. (ed.), The Earth as Transformed by Human Action, Cambridge University Press, USA, 1990.Google Scholar
  14. 13.
    Kennedy, P., The Rise and Fall of the Great Powers, Vintage Books, New York, USA, 1989.Google Scholar
  15. 14.
    North D.C., Economic Performances Through Time, The Nobel Foundation. Sweden, 1993.Google Scholar
  16. 15.
    North, D.C., Institutions, Institutional Change and Economic Performance, Cambridge University Press, USA, 1990.CrossRefGoogle Scholar
  17. 16.
    O’Neill R.V. et al., A Hierarchical Concept of Ecosystems, Princeton University Press, USA, 1986.Google Scholar
  18. 17.
    Rosenberg, N., Perspective on Technology, Cambridge University Press, USA, 1976.CrossRefGoogle Scholar
  19. 18.
    Rosenberg, N., Inside the Black Box. Technology and Economics, Cambridge University Press, USA, 1982.Google Scholar
  20. 19.
    Schumpeter, J.A., The Theory of Economic Development, Cambridge: Harvard University Press, 1934.Google Scholar
  21. 20.
    Tainter, A.T., The Collapse of Complex Society, Cambridge University Press, USA, 1988.Google Scholar
  22. 21.
    Vilar, P., A History of Gold and Money (14501920), Verso, London, England, 1984.Google Scholar
  23. 22.
    Weissmahr, J., An Evolutionary Theory of Technical Change and Economic Growth and Development, The European Study Group for Evolutionary Economics (ESGEE), Zürich, Switzerland, 1991.Google Scholar

Copyright information

© Springer Science+Business Media New York 1999

Authors and Affiliations

  • H. Thomas
    • 1
  • R. Mark
    • 1
  1. 1.Natural Resources Management Department of Systems EcologyStockholm UniversityStockholmSweden

Personalised recommendations