Ecological Economics and Biodiversity

External URL: https://digitalcollections.amnh.org/asset-management/2URM1TKFZZJJ?WS=PackagePres&serc_source=serc

The new field of ecological economics recognizes the importance of containing economic growth within the biophysical limits of the biosphere and the need for a new economic model that recognizes and maintains the diversity of functions and species in the planet's ecosystems (Costanza and Daly 1987, Daly and Farley 2010). This module explains why the current economic model is leading to irreparable depletion of natural capital, and presents ecological economics as a viable alternative for achieving a fair and sustainable biodiversity economy.