Ecological Economics - The Best New Idea for 2009Ignoring nature remains the tragic conceit of conventional economists, who presume we can grow our economies forever without regard to quantities of materials, energy, and pollution. Biophysical economics, on the other hand, acknowledges that there exist no cases in nature of unlimited growth.
Dr. Albert Bartlett, Emeritus Professor of Physics at Colorado University, urges economists to learn the laws of nature. Non-material values - creativity, dreams, love - may expand without limit, but materials and energy in the real world remain subject to the requirements of thermodynamics and biology. "Growth in population or rates of consumption cannot be sustained. Smart growth is better than dumb growth," says Bartlett, "but both destroy the environment.
Malthus revisitedIn the 19th century, Thomas Malthus and John Stuart Mill introduced ecological economics, warning that human expansion would eventually meet natural limits. Industrialists have mocked Malthus and ignored Mill for two centuries, but the evidence now suggests that the discovery of petroleum only postponed the effects.
Many economists now recognise that Malthus and Mill were essentially correct. A 2008 Goldman-Sachs report about commodity shortages stated, "we see parallels with Malthusian economics." Popular investment advisor, James Dines, told a New York Investment Conference in May that food and fuel scarcities are a "result of a Malthusian planetary limit."
"We are dying of consumption," says Peter Dauvergne, sustainability advisor at UBC and author of The Shadows of Consumption. "The unequal globalisation of the costs of consumption is putting ecosystems and billions of people at risk."
"Sooner or later," as ecologist David Abram puts it, "technological civilisation must accept the invitation of gravity and settle back … into the rhythms of a more-than-human Earth."
More at the link. Sometimes even Greenpeace publishes good stuff.