Environment, Economy and Society
Critical Conceptual Linkages in the Economics of Nature
Abstract
The concerns related to the linkages between the environment, economy and society are not very new. However, they certainly got renewed attention since the publication of the Stern report on the ‘Economics of Climate Change’ (Stern, 2006) and the dimensions of discussions both at the policy level as well as the common public created a substantial awareness of the issues of the fragility of Nature and its complex web of inter-linkages with various walks of human life on this earth; whether cultural, ecological, social or economic (Roy & Mukherjee, 2008). The interdependent and interrelated strings of the web provide necessary checks and balances of inputs and outcomes that have both ecological and social implications. Unless these interconnections are studied in a comprehensive manner, it is difficult to understand the systemic behaviour of the web that is so significant for the survival of an apparently fragile perspective called 'life'. Here, by 'life' we mean an all-encompassing biological and social framework that sustains, propagates and evolves both within the existing form and creates new forms of itself. Understanding these interconnections also involves a trans-disciplinary study of economics, history, the science of evolution, human behaviour and psychology as well as the issues in environment and ecological systems over time and space (Mohanty S. S., 2013).
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