MISSING FROM THE MAINSTREAM: THE BIOPHYSICAL BASIS OF PRODUCTION AND THE PUBLIC ECONOMY
MISSING FROM THE MAINSTREAM: THE BIOPHYSICAL BASIS OF PRODUCTION AND THE PUBLIC ECONOMY
Author(s): JUNE SEKERASubject(s): Business Economy / Management, Energy and Environmental Studies, Public Administration
Published by: Addleton Academic Publishers
Keywords: economics; sustainability; biophysical economics; political science; public administration; ecology; entropy;
Summary/Abstract: Just as mainstream economics neglects the biophysical basis of production and disregards energy as the most fundamental input, it likewise ignores the existence of the public economy. Both types of denialism threaten the ability of societies to develop energy solutions that can meet the needs of the polity. This article calls for a new theory of the public economy and it outlines elements of such a theory. Both a biophysical economics and a new public economics are needed to address the energy challenges confronting modern societies.
Journal: Economics, Management, and Financial Markets
- Issue Year: 13/2018
- Issue No: 3
- Page Range: 56-73
- Page Count: 18
- Language: English
- Content File-PDF
