1. Concepts of efficiency in ecological economics: Sisyphus and the decision maker
- Author
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Jollands, Nigel
- Subjects
- *
SUSTAINABLE development , *ECONOMIC development & the environment , *ENVIRONMENTAL economics , *ENVIRONMENTAL policy - Abstract
Abstract: Efficiency forms the bedrock of policy, planning and business approaches to sustainable development. But what do ecological economists mean by efficiency? In the resource use context, efficiency has a wide range of potential interpretations, from the ratio of work output/energy inputs to Pareto efficiency. Despite the potential richness of the efficiency concept, in practice, efficiency is often narrowly conceived within disciplinary boundaries. This appears to be the case even in ecological economics, which purports to be ‘transdisciplinary’ and pluralistic. Such narrow disciplinary perspectives essentially waste the richness of the efficiency concept. This wasting could mean ecological economists and decision-makers are destined to Sisyphean toil in the pursuit of sustainable development. This paper explores the efficiency concept and its interpretation. It then reviews ecological economic literature to find that there is much room for improvement in the way ecological economists apply efficiency. Finally, the paper presents a framework within which a truly ecological economic approach to efficiency can emerge. Armed with this framework, policy makers and planners should be better prepared to make decisions leading to sustainable development. [Copyright &y& Elsevier]
- Published
- 2006
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