Economics, Equity and the Ecological Predicament
Edited by Joshua Farley and Deepak Malghan
Chapter 10: Ecological and Georgist economic principles: a comparison
There are today a large number of schools of thought in economics that take as their starting point a critique of neoclassical economics. Yet, in their critique of the dominant mode of economic analysis, they do it homage. They are like students arguing with the master, whom they acknowledge by their disputes. The two-factor, highly formalized models that characterize neoclassical thought will be moved from the center to the periphery of economics only if the proponents of diverse schools of criticism begin studying each other’s thought and building alternative paradigms that are as comprehensive as the one they seek to replace. This chapter attempts to draw some connections between the principles of ecological economics and Georgist economics (named after Henry George). In order to engage in this dialogue, I will adopt a rather stylized view of both perspectives. My hope is not to offer a thorough explication of their differences and similarities, but merely to begin a process of looking for questions on which dialogue might be fruitful.
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