Publisher description
The global ecosystem, which provides a vast array of indispensible
resources and services to human beings, can be seen as a form of capital that
can never be replaced by any combination of human labour, wealth, and
technology. The Earth's natural capital endowment is under severe strain from
rapidly increasing human economic activity and population. The remaining
natural capital is becoming inadequate to allow us to live as we have in the
past, much less to expand the global economy as everyone demands. This text
argues that mainstream economics has misled people and policy-makers by viewing
natural capital as only a single, rather unimportant, factor of economic
production. In contrast, ecological economics views it as the very foundation
of the economy. Arguing for the importance of natural capital as the foundation of the
economy, this book suggests that mainstream economics has misled people and
policy-makers by viewing natural capital as only a single, rather unimportant,
factor of the economy.
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Natural Capital and Human Economic Survival
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