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Ecological Economics

Definition - What does Ecological Economics mean?

Ecological economics (or eco-economics) is an interdisciplinary and transdisciplinary field of research that aims to integrate the earth's economic systems and its environmental health. This also includes human health and wellbeing and morals, so that they operate in a more symbiotic fashion and one does not hamper the other in terms of growth and sustainability. It is not to be confused with environmental economics.

Safeopedia explains Ecological Economics

Ecological economics is different from environmental economics in that it is not merely a sub-discipline of economics as a whole, and fits into the framework of economics. It is a transdiscipline and is interdisciplinary with environmental awarenesses. It aims to maintain a clear concept of the scale beyond economics and the impact we have on our environment, not necessarily for economic reasons, but reasons of conservation.

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