Quotation Rezai, Armon, Taylor, Lance, Mechler, Reinhard. 2013. Ecological Macroeconomics: An application to climate change. Ecological Economics (85), 69-76.


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Abstract

Ecological economics has not paid sufficient attention to the macroeconomic level both in terms of theory and modeling. Yet, key topics debated in the field of ecological economics such as sustainable consumption, reduction in working time, the degrowth debate, the energy–exergy link, and the rebound effect require a holistic and macro perspective. While this deficiency has been identified before and Keynesian economics has been generally suggested as a potent vehicle to establish economic systemic thinking, very little concrete theorizing and practical suggestions have been put forward. We give further credence to this suggestion and demonstrate the value of tackling key concerns of ecological economics within a Keynesian growth framework. Contextualized by an application to climate change we suggest that policy relevant recommendations need to be based on a consistent view of the macroeconomy. We end with laying out key building blocks for a Keynesian model framework for an ecological macroeconomics.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Ecological Economics
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, STRAT-B, VW-C, WH-B
Language English
Title Ecological Macroeconomics: An application to climate change
Number 85
Year 2013
Page from 69
Page to 76
Reviewed? Y
URL http://www.sciencedirect.com/science/article/pii/S0921800912004120
DOI http://dx.doi.org/10.1016/j.ecolecon.2012.10.008

Associations

People
Rezai, Armon (Details)
Mechler, Reinhard (Former researcher)
External
Taylor, Lance
Organization
Institute for Multi-Level Governance and Development IN (Details)
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