What is ecological economics and why do we need it now more than ever?
Ecological economics can help create the future that most people want – a future that is prosperous, just, equitable and sustainable.
Ecological economics (EE) is a transdiscipline. While it is difficult to categorise ecological economics in the same way one would a normal academic discipline, it can be characterised in general by its goals, worldview, and methodology. The overarching goal is sustainable wellbeing of both humans and the rest of nature, with three broad sub-goals of sustainable scale, fair distribution, and efficient allocation of resources.
An exploration of what ecological economics is and why we need it more than ever, is the opening chapter of a pioneering new book “Sustainable Wellbeing Futures: A Research and Action Agenda for Ecological Economics.” Authored by the book’s editors Robert Costanza, Jon D. Erickson, Joshua Farley, and Ida Kubiszewski, the article sets out how the ecological economics worldview includes an interdependent, co-evolving, complex whole system perspective of economies embedded in societies embedded in the rest of nature.
In the foreword to the book, Professor Jacqueline McGlade reflects on the wellbeing economy movement and where it must go next:
“The first global political manifestation of a shift towards wellbeing economies becoming mainstream emerged in 2018, with the decision by the leaders of Scotland, Iceland and New Zealand, to form the Wellbeing Economies Group. Their goal is to implement economic policies with the objective of delivering the collective wellbeing of their nations, looking at how happy the population is, not just how wealthy it is, creating fair work that is well-paid and based on worthwhile and fulfilling work, and which values a transition to longer term sustainability.
Sustainable Wellbeing Futures provides the robust and well-articulated body of knowledge that these national endeavours will need.
The ideas that Sustainable Wellbeing Futures brings to life have been borne out of thousands of hours of discussions about the multiple aspects of wellbeing and ecological economics. Shortcomings have been probed and examined and answers found. The importance of this book is that it provides solutions and examples of how we – as individuals, organisations, governments – can work together to turn the tide against the destructive changes in our world. These examples should give us hope and inspiration. We should also take encouragement from the volume itself; it is heartening to see so many leading researchers and thinkers working together to provide a coherent, multidisciplinary voice, stating loud and clear what is happening and how we can deliver our future wellbeing.”
This forward-thinking book lays out an alternative approach that places the sustainable wellbeing of humans and the rest of nature as the overarching goal. Each of the book’s chapters, written by a diverse collection of scholars and practitioners, outlines a research and action agenda for how this future can look and possible actions for its realisation.
Over the coming weeks, WEAll will be highlighting some of these ideas by sharing short abstracts from each chapter. It is due to be published in May 2020 – find out more and order a copy here.
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