Postgraduate student in Agricultural Economics, School of Agricultural, Earth and Environmental Sciences, University of KwaZulu-Natal, Private Bag X01, Scottsville 3209, Pietermaritzburg, South Africa. [email protected] 2 Professor of Agricultural Economics, School of Agricultural, Earth and Environmental Sciences, University of KwaZulu-Natal, Private Bag X01, Scottsville 3209, Pietermaritzbu...

Article history: Received 12 September 2007 Received in revised form 8 December 2007 Accepted 8 December 2007 Available online 22 January 2008 Environmental economics, which is a branch of resource economics – the environment as a scarce resource – is essentially about market failures, the costs of pollution and pollution abatement, and the economics of regulation. Sustainability economics incl...

This paper reviews developments in both environmental economics and ecological economics with respect to their progress towards environmental interdisciplinarity and towards providing solutions to environmental problems. The concepts, methods, theories and assumptions of each field of knowledge are reviewed and the extent to which they depart from the dominant neoclassical paradigm of economics...

The relationship between free trade and the environment is one of the main issues of contention between environmental and ecological economics. Environmental economics assumes a positive relationship between free trade, economic growth and environmental policies. Environmental externalities may cause important damage. However, trade is not to be blamed for this. Instead, the fault lies with pol...

Article history: Received 7 March 2005 Received in revised form 5 May 2006 Accepted 26 May 2006 Available online 7 July 2006 Environmental economics and ecological economics share the common objective of understanding the human–economy–environment interaction in order to redirect the economies towards sustainability. In pursuing this objective, these two perspectives utilise different types of ...

a r t i c l e i n f o Keywords: Environmental economics Ecological economics Economic sociology of the environment Regulation theory Social movement theory Environmental policy Ecological modernisation The vast majority of approaches in environmental economics attribute the current ecological crisis to the fact that, from its inception, the industrial economic system was founded on premises tha...