Abstract

To the extent that classical, neoclassical, and Marxist political economy have traditionally ignored the problem of economic scale and valorized economic growth, all three have much to learn from ecological economics. Its most important contribution is the argument that the human economy is a subsystem of the finite earth’s natural life-support system. Implied in this argument is a new metric of economic health, the life-value rather than the money-value of that which economies produce and distribute.