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Lecture notes Ecological Economics

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reflecting on how we could be accounting for the environment with a focus on natural capital and sustainability. We will also consider how adopting environmental/ethical activities can impact the profitability of an industry. Outline ecological perspectives Understand the concept of profit in economics. Understand how environmental activities can impact the profitability of an industry.

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Ecological Economics – 23/02/23



Land, labour, and capital.

Need the resources from the land and labour to make the products and then capital in order to
make profit.



Why has land disappeared from economic models?

What factors influence the value of natural capital?

What is the greatest threat to natural capital?

How is natural capital related to sustainability?




With a price being set on everything unnatural, are we moving to a future where everything
natural has a price tag?




Are we encouraging a price tag on every natural resource?

No because it could weaken the protection of threatened species.



Do you think climate change sustainability is too much for the sustainability of our wallets? And if
so, have you seen pushback from this already?

It poses a fundamental threat to global food security, sustainable development, and poverty
eradication.

It would affect the access to food and water, which would result in food being more expensive
making the affordability harder for most people
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