J Lecture 15 - Economic Ecology

J Lecture 15 - Economic Ecology - Economic Ecology...

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Unformatted text preview: Economic Ecology Ecological Economics nvironmental Economics Pick a name, any name… 'ecology‘ and 'economics' are both ooted in the Greek work ‘oikos' hich means home cology: understanding the home conomics: taking care of the home ubsistence economies , which revail in the more remote and less industrialized areas of the world, lace much value on ecology and living in harmony within the natural limits of their environment. apitalist and Sot economies oth share the goal of generating aterial wealth but differ in their pproach. apitalist economies emphasize individual freedom while Sot conomies emphasize social quality . he Buddhist economic system is entered on the goal of human fulfillment and the development of haracter. ets look into capitalism… General Assumption 1 roducts will come and go on the arket according to the needs of the people and their willingness to ay a price that will adequately eimburse the producer Commercials: Creating “needs” ffluenza, the loated, sluggish nd unfulfilled feeling that esults from fforts to keep p with the oneses Assumption 2 'the common good' pertains rimarily to material needs: food, helter, transportation etc. The Gold Standard What was it? What was it for? Why don’t we use it any more? he gold standard is a onetary system in which the tandard economic unit of ccount is a fixed weight of gold. nder the gold standard, urrency issuers guarantee to edeem notes, upon demand, in hat amount of gold. overnments that employ such a fixed unit of account, which will edeem their notes to other overnments in gold, share a fixed- urrency relationship. The gold urrency relationship....
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This note was uploaded on 05/18/2008 for the course BIO 105 taught by Professor Adler,irschick,podos during the Fall '08 term at UMass (Amherst).

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J Lecture 15 - Economic Ecology - Economic Ecology...

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