The mythologies of environmental economics

RAVENSCROFT, NEIL (2011) The mythologies of environmental economics Journal of Policy Research in Tourism, Leisure & Events, 2 (2). pp. 129-143. ISSN 1940-7963

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Official URL: http://www.tandfonline.com/doi/abs/10.1080/1940796...

Abstract

This paper offers a polemic on the policy implications for leisure and tourism of the shortcomings of contemporary approaches to environmental economics. The paper argues that the market construct of neoclassical economics is flawed by its inability to address situations in which markets do not operate and that this flaw is exacerbated by repeated attempts to overcome the problems through inappropriate technical fixes. To illustrate the argument, seven ‘myths’ of environmental economics are identified, which highlight the flaws and examine some of the implications for policy in areas such as common property. The paper suggests that a new approach to environmental economics is required, founded on principles that are not bounded by ideas of exchange. Informed by the advances made in ecological economics, the paper considers the potential of associative economics, as set out by Rudolf Steiner in his lectures of 1922, when he identified that the assumptions of neoclassical economics would not lend themselves to a globalising world in which the nation state has declining relevance.

Item Type:Journal article
Uncontrolled Keywords:tourism development; environmental economics; neoclassical economics; associative economics
Subjects:L000 Social Sciences > L700 Human and Social Geography
DOI (a stable link to the resource):10.1080/19407963.2010.482273
Faculties:Faculty of Science and Engineering > School of Environment and Technology > Society, Space and Environment
ID Code:8911
Deposited By:Converis
Deposited On:26 Aug 2011 14:43
Last Modified:09 Jan 2013 07:38

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