Neoclassical Economics vs Ecological Economics

Neoclassical economics and ecological economics have very different views on how to achieve sustainability. One of the reasons for this is that is that they start with different "preanalytic visions". The fundamental vision of neoclassical economics is the circular flow diagram, while the fundamental vision of ecological economics is the economy embedded within the biosphere. These differences are important, particularly given we have moved from an "empty world" to a "full world", as shown by our transgression of planetary boundaries.

Видео Neoclassical Economics vs Ecological Economics канала Dan O'Neill