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ERIC Number: EJ855196
Record Type: Journal
Publication Date: 2009
Pages: 9
Abstractor: As Provided
Reference Count: 7
ISSN: ISSN-0270-4676
Incorporating Values in a Bottom-Line Ecological Economy
Daly, Herman E.
Bulletin of Science, Technology & Society, v29 n5 p349-357 2009
The search for a social goodness function in economic systems is reviewed, especially in light of the fact that the economy is a subsystem of a biosphere that has its own rules for determining success, or at least for limiting feasibility. The frequent perversity of reductionist quantitative success indicators in economics (profit, quotas, GDP) is mainly attributed to the preanalytic vision of the economy as an isolated circular flow, and of "homo economicus" as an atomistic individual isolated from community, both social and biological. Specific examples of such perversity are considered.
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A