Full employment is normally associated with structural rigidities that may result in production bottlenecks and inflationary pressures. Flexibility or elasticity of the production system is therefore a desirable feature of an economic system. Many standard models, however, exhibit flexibility...

Ecological economics is a transdisciplinary alternative to mainstream environmental economics. Attempts have been made to outline a methodology for ecological economics and it is probably fair to say that, at this point, ecological economics takes a "pluralistic" approach. There are, however,...