Ecological Economics: An Introduction
Does it make economic sense to cut down a rainforest? What influence should trade have on social policy? How much is the future worth? Is all value equivalent? These are all questions common to ecological economics, a cross-disciplinary science that is attempting to reclaim the field of economics from flawed models and unscientific assumptions. An important act within itself, but one made integral as mainstream economics is driving the planet’s sixth mass extinction (Wagler). Economics is often defined as ‘the allocation of scarce resources to satisfy infinite desires’, but this seemingly impossible aim itself belies many unfounded assumptions. Why should we assume everyone’s desires are infinite, or why should we believe all economic ‘resources’ to be inherently scarce when it is often their economic allocation that creates scarcity?