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  • Ecological Economics Lecture 05

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    Mamun Rana
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    The document outlines the theoretical basis of ecological economics, including general system theory, common property resources and commons institutions, energetics and systems, steady-state economics, Hollings adaptive cycle, and the ecosystem service concept. It then provides more details on general system theory, describing it as an organizational theory that explains how a system relates and interacts with other systems, with systems analysts seeking boundaries to minimize interactions between systems for simplification.

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    Ecological_Economics_Lecture_05

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    The document outlines the theoretical basis of ecological economics, including general system theory, common property resources and commons institutions, energetics and systems, steady-state economics, Hollings adaptive cycle, and the ecosystem service concept. It then provides more details on general system theory, describing it as an organizational theory that explains how a system relates and interacts with other systems, with systems analysts seeking boundaries to minimize interactions between systems for simplification.

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    © All Rights Reserved
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    8 views4 pages

    Ecological Economics Lecture 05

    Uploaded by

    Mamun Rana
    The document outlines the theoretical basis of ecological economics, including general system theory, common property resources and commons institutions, energetics and systems, steady-state economics, Hollings adaptive cycle, and the ecosystem service concept. It then provides more details on general system theory, describing it as an organizational theory that explains how a system relates and interacts with other systems, with systems analysts seeking boundaries to minimize interactions between systems for simplification.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 4

    Ecological Economics: Basic concepts

    Lecture 05
    Theoretical Basis of Ecological
    Economics
    ✓ General System Theory

    ✓ Common Property Resources (CPR) and Commons


    Institutions

    ✓ Energetics and Systems

    ✓ Steady-State Economics

    ✓ Hollings Adaptive Cycle

    ✓ Ecosystem Service Concept


    General System Theory (1968)
    • ‘Systems theory’ is an organizational theory, which
    explains how a system relates and interacts with other
    systems.
    • Systems analysts look for boundaries that minimize the
    interaction between the system in order to make their job
    easier.
    • System analysis study industrial system, socio-ecological
    system, ecological system and many other system.
    • They use mathematical/statistical/economic/socio-
    ecological/ecological/earth system models to simplify
    input-output network.

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