Earth in our hands ENVS 1000
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Transcript of Earth in our hands ENVS 1000
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Earth in our handsENVS 1000
ECOLOGICAL ECONOMICS
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The Myth of Perfect
UnderstandingOr how to read a text
Deductive and inductive reasoning
Skepticism – not taking something as “given” – independence of mind –
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QUESTION the authority of the
Writer
Lecturer
Media
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WHAT IS AN ISSUE?The way in which the
world is imagined
determines at any particular moment what men will do.” Walter Lippman, Public
Opinion 1921
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Ecological Economics
•What is ECONOMICS?
•What is ECOLOGY?
•ENVIRONMENTAL ECONOMICS: environment within economics
•ECOLOGICAL ECONOMICS: economics within environment
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KEYWORDS
Development
Economy
Ecology
Environment
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Keywords: A Vocabulary of Culture and Society
by Raymond Williams
(Oxford Univ. Press)
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THE POLITICS OF MONEY by Hazel
HendersonThe word is out that economics, never a science, has always been politics in disguise. I have explored how the economics profession grew to dominate public policy and trump so many other academic disciplines and values in our daily lives. Economics and economists view reality through the lens of money. Everything has its price, they believe, from rain forests to human labor to the air we breathe. Economic textbooks, Gross National Product (GNP) and the statistics on employment, productivity, investment, and globalization – all follow the money. Happily, all this focus on money is leading to the widespread awareness of ways money is designed, created and manipulated. This politics of money is at last unraveling centuries of mystification.
http://www.hazelhenderson.com/editorials/politics_of_money.html
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Economics as Religion by Robert H. Nelson
To the extent that any system of economic ideas offers an alternative vision of the “ultimate values,” or “ultimate reality,” that actually shapes the workings of history, economics is offering yet another grand prophesy in the biblical tradition.
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Another basic role of economists is to serve as the priesthood of a modern secular religion of economic progress that serves many of the same functions in contemporary society as earlier Christian and other religions did in their time.
Robert H. Nelson,
Economics as Religion
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Power of wordsFrom Intro p.774:
“Even today, cultural critics such as David Korten urge that human economies should “mimic the behaviour of healthy living organismsand ecosystems.”
“Conventional market economists generally view the environment…”
“…the revocation of market subsidies that distort true costs…”
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Ecological economicsOikos – household
Logos – discourse, systematic study
Nomia – management
Nomos - law
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Some Assumptions• Assume time is constant; economic system
is static with no change over time
• The invisible hand: Markets left to themselves teeter between supply and demand and will always balance out to an equilibrium point.
• Leave the market alone and everyone’s welfare will eventually be maximized.
• Assume each individual is driven only by self-interest.
• Assume that there is full employment.
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More Assumptions• Assume that individual satisfaction is
measurable.
• Assume perfect circulation of goods and service from firms to households and back again.
• Assume there is only one commodity.
• Assume there is only one individual (multiple by X to describe society)
• Assume that future markets exist for all goods and services produced now.
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A Different Picture http://www.hazelhenderson.com/
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A diverse economy:
rethinking economy and
economic representati
on
J.K.Gibson-Graham
The economic iceberg (drawing by Ken
Byrne)
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World Water Forum
Is Water a Human Right or a Human Need?
http://www.democracynow.org/2009/3/23/water_rights_activists_blast_istanbul_world
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Economics as politics
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Economics as history
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THE ASSIGNMENTrevisited
ESSAY
Or
Art Project
http://www.web.ca/~story/ENVS1000/