This Is Not As Well Understood Ecological Or Social Productivity In The Economy?

Ecological economics emphasizes the importance of sustainable degrowth, which is an equitable downscaling of production and economic development without any loss of ecological or social sustainability. Sustainable development aims to provide ecological protection, enhance economic well-being, and meet beneficial social goals. The three broad perspectives used for assessing the relationship between ecological and economic aspects include the adoption of appropriate production, distribution, and consumption, as well as the ‘triple bottom line’, which consists of social, environmental, and economic dimensions.

Ecological economics is defined by its focus on nature, justice, and time, and addresses issues of intergenerational equity and the irreversibility of environmental change. It is a holistic approach that considers the social, environmental, and economic impacts of actions and decisions taken today. Hierarchies and adaptive cycles form the basis of ecosystems and social-ecological systems across scales, forming a panarchy.

The social economy and social innovation actively address socio-economic and environmental challenges and contribute to a just twin transition. The’social’ perspective concerns itself with the “continued satisfaction of basic human needs” of individuals, while the ‘ecological’ focuses on the continued fulfillment of basic human needs.

In conclusion, ecological economics emphasizes the importance of sustainable degrowth, economic sustainability, and intergenerational equity in addressing the challenges of our planet. By focusing on these aspects, we can work towards a more equitable and sustainable future.


📹 Productivity and Growth: Crash Course Economics #6

Why are some countries rich? Why are some countries poor? In the end it comes down to Productivity. This week on Crash …


What is the difference between ecological and socio ecological?

Socio-ecological systems are complex and adaptive, delimited by spatial or functional boundaries surrounding ecosystems and their specific context. They examine the inter-linkage between humans and nature, recognizing humans as part of nature and nature as inter-linked to social systems. An ecosystem is managed by actors and organizations, with rules, social norms, and conventions underlying this management.

What's the difference between economic and ecological?
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What’s the difference between economic and ecological?

Despite their shared linguistic roots, the beliefs of environmentalists and economists have evolved significantly. Economists focus on efficiency, trade-offs, and decentralized knowledge, while environmentalists emphasize preservation, purity, and top-down planning. However, environmentalists apply economic insights selectively and rarely consider the economy. Ecology’s origins as an intellectual movement were deeply anti-capitalistic, with extreme hostility towards capitalism being a core value.

Today’s environmentalists, like Greta Thunberg, emphasize the threat of consumption, population increases, and economic growth to our pristine and vulnerable nature. This contrasts with the linguistic differences between economists and environmentalists, who often apply proper economic insights selectively and rarely consider the economy.

What are the 3 Ps of sustainable operations?

The 3Ps of sustainability, People, Planet, and Profit, are a widely accepted business concept that focuses on protecting and maximizing the benefits of these three elements. Green programs prioritize people, respect the planet’s needs, and aim to produce profit without waste. The triple bottom line (TBL) is a version of the balanced scorecard approach, where companies measure three separate bottom line measurements. However, companies often fail to measure the social and environmental impact of their business, highlighting the complex relationship between business and a green mindset.

Which pillar of sustainability is most important?
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Which pillar of sustainability is most important?

The Environmental Pillar is a crucial aspect of business strategy, focusing on reducing environmental damage and promoting sustainable practices. Companies like Walmart have implemented zero-waste initiatives, reducing packaging waste and sourcing more from recycled or reused materials. However, the environmental impact of a business can be challenging to quantify due to the uncertainty of all externalities and disputes about their cost and impact.

For example, the all-in costs of wastewater, carbon dioxide, land reclamation, and waste are difficult to calculate, as companies are not always responsible for the waste they produce. Benchmarking is a practice that aims to quantify these externalities, allowing for meaningful tracking and reporting of progress in reducing these issues.

Is economic growth more important than ecological growth?

The protection of the environment is of paramount importance for the realization of sustainable economic development. This is because environmental protection serves to mitigate the negative impacts on the environment and human health, while also contributing to economic growth, provided that it does not negatively affect the environment.

Why is the social pillar important?

The social pillar of sustainable development focuses on ensuring the well-being of employees through governance that conveys social values. A company’s success is attributed to employees feeling happy in their work, leading to longer employee retention and improved work dynamics. The three pillars of sustainability include social and economic sustainability, corporate sustainability, and environmental issues. By implementing these pillars, a company can effectively meet its environmental and social goals, promoting a more sustainable and prosperous environment.

Are economy and ecology the same?

The article underscores the intrinsic interconnectivity between ecology and economics, asserting that the exclusive focus on economic improvement at the expense of ecological considerations is both impractical and potentially catastrophic. The article underscores the necessity of addressing both environmental branches.

Is economy more important than environment?

The maintenance of a robust economy is of paramount importance for a nation’s financial growth and development. An economy that is not performing effectively is, by definition, a poor performer.

Why economic development is better than economic growth?

Economic growth can be defined as an increase in a nation’s output of goods and services. In contrast, economic development encompasses a broader range of factors, including improvements in living standards, social welfare, and wealth distribution. Bahmani Sirous, a member of the Department of Economics at Dongguk University, elucidates the distinction between economic growth and development in defining success.

What are the 3 main areas of sustainability?

Sustainability, which encompasses environmental, social, and economic pillars, is of paramount importance in addressing global challenges, not merely those pertaining to the natural environment.

What are the 3 C's of sustainability?
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What are the 3 C’s of sustainability?

The three principles of conservation, community, and circular economy can be integrated into our lifestyles in order to promote a sustainable future. Each minor action contributes to the larger picture of sustainability. Collectively, these actions can facilitate the creation of a planet that will thrive for generations to come. Further insights and actionable tips on sustainability will be forthcoming on our blog.


📹 Environmental Econ: Crash Course Economics #22

So, if economics is about choices and how we use our resources, econ probably has a lot to say about the environment, right?


This Is Not As Well Understood Ecological Or Social Productivity In The Economy
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Rae Fairbanks Mosher

I’m a mother, teacher, and writer who has found immense joy in the journey of motherhood. Through my blog, I share my experiences, lessons, and reflections on balancing life as a parent and a professional. My passion for teaching extends beyond the classroom as I write about the challenges and blessings of raising children. Join me as I explore the beautiful chaos of motherhood and share insights that inspire and uplift.

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  • Here are some notes, hope they are helpful: Economic solutions: 1. Identify the sources of the most air pollution (factories that burn fossil fuels for energy; industries that use oil and coal to produce things; vehicles with internal combustion engines) 2. Decrease the supply of these technologies and products or decrease the demand for them There is a certain imbalance that comes with this. Some counties will harm the environment as there is no way to police every country, already established resources will be hard to demolish as people already got used to them and they are cheaper. That is until a new technology comes that is both effective and cheap. Or manipulating the markets with government subsidies, taxes, and regulations. Pollution represents a market failure – a situation where markets fail to produce the amount the society wants. Government interventions are advised. Another way to encourage people to pollute less is by providing price incentives (taxes, subsidies). Those incentives can encourage individuals to make choices that are better for the environment. Permit market – Setting a limit how much firms can pollute and allowing those firms to buy and sell pollution permits (Cap and Trade) Alternative energy sources usage is growing, but for the most part, they aren’t cheap enough yet, so the majority of our energy is likely to continue to come from non-renewable sources, at least for now. Since there is no time, efficiency with the usage of fossils is advised, but still unsure.

  • Environmental economics – how do we best deal with our natural resources? I. what can the government do? 1. enforce specific rules outside the market (just limit how much firms can pollute) 2. influence the market through price incentives a. add tax on products that cause pollution. (gasoline) b. subsidize products that reduce pollution (electric cars, renewable energy) 1 and 2 example: permit market such as cap and trade which set limits on how much firms can pollute and allow them to buy and sell permits (money goes from heavy polluters to lighter polluters) II. how can technology help? -since our current technology doesn’t provide cheaper renewable energy, we can maximize the use of non renewable energy (energy-efficient cars) – hindrances: rebound effect – efforts to increase energy efficiency creates more available energy that only gets spent into something MORE and MORE. III. what actions are the world taking? 1. International treatys in which countries commit on reducing greenhouse gases emission. (UN negotiations) 2. funding “green” research into renewable energy. 3. changes can be brought by individual consumers, along with changes by the government and producers. (turn the lights off when not in use! and other small things).

  • This is why I wasn’t 100% sold on the 5p charge for supermarket plastic bags. They ARE a way to reduce our impact on the environment, but this policy is being used merely as a political strategy: one year after the legislation was effective, politicians can point at graphs showing a huge decline in the use of plastic bags, which is a good thing. What they might not show you is the tiny dent this has made on the country’s environmental impact. Reducing the use of supermarket plastic bags is a good thing, but when you are a government, with the power to make policies that will have a very large positive impact, shifting the brunt of the burden to consumers seems like the safest and least effective course of action.

  • Great contribution to Crash Course you guys! But on the subject of environmental economics and externalities, I was sort of hoping to hear a little about value engineering and planned obsolescence. Also, I imagine it may be a little controversial to mention much about human rights violations as a tactic used by some large companies to exploit resources in developing nations and to discourage protesting by indigenous people. But those instances are very real and a major part of globalization and the growing economic inequalities you mention in some of the earlier episodes, which sadly do not often get enough media attention for most people to ever hear or even believe they are happening. Crash Course isn’t exactly the news though, and even though it is part of the modern world’s economic challenge, it would be pretty hard for you guys to cover something like that without getting sucked into some pretty heavy ideological debate. Either way, you’re both doing a great job, and btw I dig the AC/DC belt buckles.

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