Skip to main content
SpringerLink
Log in

Progress in Economic Thought: Neoclassical Economics Versus Sustainable Economics

  • Chapter
  • First Online:
Sustaining our Environment for Better Future

  • 881 Accesses

Abstract

All scientific disciplines are characterized by continuous development under a varying dynamic. This applies to the engineering sciences, the natural sciences, and the humanities, as well as to economics and other scientific disciplines. This is often referred to as scientific progress as observed in the context of the many sub-disciplines of the individual branches of science. A somewhat bold specification of progress in an economic sense allows scientific progress in general to be described as follows: If the younger researchers in a discipline could know and do all that the older generations have known and done plus just a bit more, scientific progress will result. This chapter focuses on the progressive thinking in neoclassical economics and the sustainable economy, which is characterized by controversy.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 79.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 99.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 139.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Acemoglu, D. (2009). Introduction into modern economic growth. Princeton: Princeton University Press.

    Google Scholar 

  • Ayres, R. (2008). Sustainability economics: Where do we stand? Ecological Economics, 67, S. 281–S. 310.

    Article  Google Scholar 

  • Beckenbach, F., Daskalakis, M., & Hofmann, D. (2016). Zur Pluralität der volkswirtschaftlichen Lehre in Deutschland– Eine empirische Untersuchung des Lehrangebotes in den Grundlagenfächern und der Einstellung der Lehrenden. Marburg.

    Google Scholar 

  • Becker, G. S. (1976). Altruism, egoism and genetic fitness: Economics and sociobiology. Journal of Economic Literature, 14S, 817–826.

    Google Scholar 

  • Colander, D. (2004). The art of teaching economics. International Review of Economics Education, 3(I), S. 63–S. 76.

    Article  Google Scholar 

  • Colander, D. (2015). Why economic textbooks should, but don’t, and won’t, change. European Journal of Economics and Economic Policies: Intervention, 12, S. 229–S. 235.

    Google Scholar 

  • Daly, H. E. (1999). Uneconomic growth in the theory and in fact, the first annual Feasta lecture. Trinity College Dublin 26th April, Feasta Review 1.

    Google Scholar 

  • Daly, H. E. (2005). The concept of a steady state economy. In M. Redclift (Ed.), Sustainability (pp. S. 121–S. 156). London: Routledge.

    Google Scholar 

  • Den Butter, F. A. G., & Hofges, M. W. (1995). Sustainable development with extractive and non-extractive use of the environment in production. Environmental, 6(4), 341–358.

    Google Scholar 

  • Ferraro, E., & Reid, L. A. (2013). On sustainability and materiality: Homo faber, a new approach. Ecological Economics, 96, 125–131.

    Article  Google Scholar 

  • Jackson, T. (2017). Wohlstand ohne Wachstum, 3. Aufl., München.

    Google Scholar 

  • Jackson, T., & Victor, P. A. (2014). Does slow growth lead to rising inequality? Some reflections on Piketty’s ‘fundamental’ laws of capitalism, prosperity and sustainability in the green economy (Working Paper Series, 14-01).

    Google Scholar 

  • Jackson, T., & Victor, P. A. (2015). Credit creation and the ‘growth imperative’ - a quasi-stationary economy with debt-based money, prosperity and sustainability in the green economy (Working Paper Series, 15-01).

    Google Scholar 

  • Jackson, T., & Victor, P. A. (2016). Does slow growth lead to rising inequality? Some theoretical reflections and numerical simulations. Ecological Economist, 121, S. 206–S. 219.

    Article  Google Scholar 

  • Kirchgässner, G. (2013). Homo Oeconomicus, 4. Tübingen: Auflage.

    Google Scholar 

  • Latouche, S. (2007). De-growth: An electoral stake? In The International Journal of Inclusive Democracy 3 (1) January 2007 www.incluvisedemocracy.org/journal/vol3/vol3_no1_latouche_degrowth.htm.

  • Latouche, S. (2009). Farewell to growth. Cambridge: Policy Press.

    Google Scholar 

  • Latouche, S. (2010). Degrowth. Journal of Cleaner Production, 18, S. 519–S. 522.

    Article  Google Scholar 

  • Lerner, A. (1972). The economics of consumer sovereignty. American Economic Review, 62(2), S. 258–S. 266.

    Google Scholar 

  • Manstetten, R., & Faber, M. (1999). Umweltökonomie, Nachhaltigkeitsökonomie und Ökologische Ökonomie. In Jahrbuch Ökologische Ökonomik, Band 1, Marburg.

    Google Scholar 

  • OECD – Organisation forEconomic Co-operation and Development. (2008). Mehr Ungleichheit trotz Wachstum? Einkommensverteilung und Armut in OECD-Ländern. Paris.

    Google Scholar 

  • OECD – Organization for Economic Co-operation and Development. (2011). Divided we stand: Why inequality keeps rising. Paris.

    Google Scholar 

  • OECD – OrganizationforEconomic Co-operation and Development. (2015). Weltweite soziale Ungleichheit erreicht neues Rekordhoch. Paris.

    Google Scholar 

  • Paqué, K.-H. (2010). Wachstum! Die Zukunft des globalen Kapitalismus. München: Carl Hanser Verlag.

    Book  Google Scholar 

  • Piketty, T. (2014). Das Kapital im 21. Jahrhundert. München: C. H. Beck.

    Book  Google Scholar 

  • Simon, H. A. (1957). Models of men, social and rational. New York/London: Wiley.

    Google Scholar 

  • Simon, H. A. (1987). Behavioral economics. In J. Eatwell, M. Milgate, & P. Newman (Eds.), The New Palgrave. A dictionary of economics (Vol. 1, pp. S. 221–S. 225). London: Macmillan.

    Google Scholar 

  • Smith, A. (2005). Untersuchung über Wesen und Ursachen des Reichtums, 1. Aufl., Tübingen: Aus dem Engl. übers. von M. Streissler, eingeleitet und Herausgeber E.W. Streissler.

    Google Scholar 

  • Solow, R. M. (1956). A contribution to the theory of economic growth. Quarterly Journal of Economics, 70(S), 65–94.

    Article  Google Scholar 

  • Stiglitz, J. (2010). Freefall. America, free markets, and the thinking of the world economy. New York: W. W. Norton & Co.

    Google Scholar 

  • Stiglitz, J. (2012). Der Preis der Ungleichheit – Wie die Spaltung der Gesellschaft unsere Zukunft bedroht. München.

    Google Scholar 

  • Sturn, R. (2011). Die Krise und der Fortschritt in der Ökonomik. In M. Held, G. Kubon-Gilke, & R. Sturn (Hrsg.). Normative und institutionelle Grundfragen der Ökonomik. Jahrbuch 10, Marburg, S. 7–S. 30.

    Google Scholar 

  • Victor, P. (2008). Managing without growth. London: Sustainable Development Commission.

    Book  Google Scholar 

  • Victor, P., & Rosenbluth, G. (2007). Managing without growth. Ecological Economics, 61, S. 492–S. 504.

    Article  Google Scholar 

  • Vilsmaier, U., & Lang, D.J. (2014). Transdisziplinäre Forschung. In H. Heinrichs & G. Michelsen. (Hrsg.): Nachhaltigkeitswissenschaften, Heidelberg, S. 87–114.

    Google Scholar 

  • Vogt, M. (2016). Belief in progress and its vulnerability. Cultural Roots, Ecological Transformation and ethical values, unveröffentlichtes Manuskript Universität München.

    Google Scholar 

  • Von Hauff, M. (2014). Nachhaltige Entwicklung, 2. Aufl., München.

    Google Scholar 

  • von Hauff, M. (2015). Wirtschaftswachstum. Wiesbaden.

    Google Scholar 

  • Von Hauff, M., & Jörg A. (2017). Nachhaltiges Wachstum, 2. Aufl., München.

    Google Scholar 

  • Von Hauff, M., & Parlow, A. (2014). CO 2 -emissions and economic growth – A bounds-testing cointegration analysis for German Industries. Volkswirtschaftliche DiskussionsbeiträgeTechnische Universität Kaiserslautern, Nr. 37-14.

    Google Scholar 

  • Weder di Mauro, B. (2008). Chancen des Wachstums – Globale Perspektiven für Wohlstand von morgen. Frankfurt/New York.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Professor für Wirtschaftspolitik und Internationale Wirtschaftsbeziehungen, Technische Universität Kaiserslautern, Kaiserslautern, Germany

    Michael von Hauff

Authors
  1. Michael von Hauff
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Michael von Hauff .

Editor information

Editors and Affiliations

  1. Faculty of Engineering Sciences, Bright Star University, El-brega, Libya

    Abdelnaser Omran

  2. Dres. Schwarz-Herion KG Detective Agency, Ettlingen, Baden-Württemberg, Germany

    Odile Schwarz-Herion

Rights and permissions

Reprints and permissions

Copyright information

© 2020 Springer Nature Singapore Pte Ltd.

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

von Hauff, M. (2020). Progress in Economic Thought: Neoclassical Economics Versus Sustainable Economics. In: Omran, A., Schwarz-Herion, O. (eds) Sustaining our Environment for Better Future. Springer, Singapore. https://doi.org/10.1007/978-981-13-7158-5_1

Download citation

Publish with us

Policies and ethics

Search

Navigation