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Gaia

New Era Economics and the Commons - 16 May

on Thu, 05/24/2012 - 22:58

 

Over the past forty years, human demand for renewable resources has overwhelmed the Earth’s capacity to produce them.

During this same period, ecological economists like Kenneth Boulding, Nicholas Georgescu-Roegen, Herman Daly and Robert Costanza have been considering the interdependence and coevolution of natural ecosystems and human economies in time and space.

The present economics of utility, efficiency and cost-benefit analysis arose from the 19th century economics, which was based on Newtonian physics.