Technology and ecological economics: Promethean technology, Pandorian potential

Abstract: In considering social, economic and ecological impacts of new technologies it is essential to start from an understanding of human nature. This paper explores this issue drawing out some implications for ecological and neoclassical economics. The paper presents two key arguments. First, we argue that there is a growing tension between our evolved human nature and social structures and our emerging technological prowess. Modern technologies give us increasing power to manipulate the very axes of nature: space, time, energy, matter, and life. Technologies are now so powerful they give us abilities our ancestors would consider godlike. The question is posed: Are humans ready to wield the power of the gods? We have the knowledge, but do we have the wisdom? The myth of Prometheus and Pandora is considered as a metaphor for the interaction between technology, nature and universal aspects of human nature developed over eons of evolution. Second, we argue that even a ‘technologically optimistic’ scenario (employed by some economists) may not actually deliver Utopian outcomes. With technological advancement and diffusion there is a “technological trickle down effect” whereby potent technologies, once available only to governments and powerful elites, become available to greater numbers of groups and individuals. The more accessible a technology, the more likely its social and ecological impacts will be shaped by the full range and extremes of human nature. These issues have implications for the development and regulation of Promethean technologies such as nuclear energy, genetic engineering and nanotechnology; technologies with unprecedented power and reach through nature. Development and diffusion of such technologies may also have implications for the ethics of the social structure of society. [Copyright &y& Elsevier]