ECOLOGICAL ECONOMICS BY U. KUMAWAT [HARDCOVER] OLD BOOK

Ecological economics is a transdisciplinary field that studies the interdependence of human economies and Earth's ecosystems, recognizing the economy as a finite subsystem within the larger global ecosystem. It emphasizes sustainability, drawing on insights from ecological science, economics, and social values to address challenges like climate change by promoting well-being, justice, and the preservation of natural capital. Key ideas include integrating natural, human, and social capital, developing models to understand complex systems, and shifting from a focus on infinite growth to a steady-state model that acknowledges natural limits.