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We develop a formal framework to investigate the relationship between ecological economics' concept of scale, and the more traditional concerns of allocation, and distribution. The framework presented here helps clarify differences between the normative and positive aspects of scale, allocation,...
Persistent link: https://www.econbiz.de/10008870480
We develop a formal representation of the economy-ecosystem interaction problem by distinguishing between stock-flow, and fund-flux spaces (Georgescu-Roegen, 1971). We then define dimensionless quantities in both the cardinal stock-flow space and the ordinal fund-flux space. This leads to...
Persistent link: https://www.econbiz.de/10008870610