THE DIFFERENCE ASSUMPTIONS AND VIEWS BEHIND ECOLOGICAL AND MAINSTREAM ECONOMICS

Abstract

The limited natural resource is a real challenge that can hinder the achievement of development targets. Holistic and integrated efforts from various sectors are needed to overcome the challenges of limited natural resources. In addition, the development planning needs to pay attention to balance the use of natural resources and the achievement of development targets and to pay attention to the direction of the spatial function in regional development. Economists are taught that long-term economic growth should be maximized. However ecologists and environmentalists believe we can have too much of a good thing. The models used by mainstream economists do not properly take into account a few details – such as melting iceberg, shrinking resource stocks, or the opinions on all this of future generations. In fact, the real credit crunch is not the one involving banks, but the one involving the environment. For centuries we have been depleting forests, oceans, fuel sources, and other species, and the bill is about to become due. Economists’ cherished belief in economic growth is colliding with the reality that we are just one part of larger ecosystem. It explores new economic approaches that aim to resolve the conflict and bring our financial system into balance with the rest of the world.