Recent advances in evolutionary theory have important implications for environmental economics. A short overview is offered of evolutionarythinking in economics. Subsequently, major concepts and approaches inevolutionary biology and evolutionary economics are presented andcompared. Attention is...

We consider the microfoundations controversy from the perspective ofeconomic evolution and show that the debatecan benefit from lessons learned in evolutionary biology. Althoughthe analogy between biology and economics hasbeen noted before, it has rarely focused on clarifying the micro-macro...

The meaning of sustainability is the subject of intense debate among environmental and resourceeconomists. Perhaps no other issue separates more the traditional economic view of the naturalworld from the views of most natural scientists. The debate currently focuses on the...

It is argued that the term 'natural capital' contains two contradictory ideas. The word 'natural' refers to a world governed by ecological relationships while 'capital' refers to a world governed by the laws of the market. Current efforts to place economic values on environmental goods are...

We will discuss electricity demand in manufacturing industries in upstate New York. Empirical results are presented based on data obtained at the electric utility service area level for the years 1969–1981. The equations are based on a partial adjustment model including relevant input prices...

Input-output tables for the U.S.A. and Japan are used to estimate changes in energy efficiency during the period 1960–1980. We used a method of Pasinetti which takes into account changes in the energy efficiency with which additions to capital stock are produced. Although we find substantial...