Most people love nature and consider themselves environmentalists,
but nature isn't just pretty and lovable, it is indispensable to
our survival and economic activity. That is the most compelling
reason for environmental protection. The conventional economic
wisdom views land (natural capital) as a small part of the economy,
along with capital, labor, technology and so on. The authors argue
that this is backwards: that the economy nests within the
environment (land) and not the other way around. The authors give a
brief history of the origins of conventional economic wisdom and
critique it from a the standpoint of ecological economics. They
explain what natural capital -our life support system - is and
does, and describe the severe strains that have been put on it.
They conclude with some policy options, such as green taxes and
suggestions for personal action that would conserve natural capital
and thus make conserve resources for present and future
generations. Natural Capital and Human Economic Survival is written
for environmentalists, environmental studies majors and anyone
concerned about the flaws of mainstream economics - how it has led
us into unsustainable ways of living - and who would like to learn
about alternatives that are more sustainable.
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