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The Economy in the World

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Macroeconomics in Ecological Context

Part of the book series: Studies in Ecological Economics ((SEEC,volume 5))

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Abstract

We begin by looking at the physical steps needed for a plate of pasta Bolognese to appear on your table. This serves as a template for the way the economy is grounded in the physical world. We then consider what distinguishes the economic perspective on humans’ use of nature from those of other disciplines, and then what distinguishes macroeconomics from its cousin microeconomics.

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Notes

  1. 1.

    For a deeper analysis of a related idea, see [6].

  2. 2.

    This is part of the idea behind the “Easterlin paradox,” which refers to the finding that increasing income has a positive impact on happiness in the short run but little to none in the long run (e.g., [3]; for a contrary view see [8]).

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Seeley, K. (2017). The Economy in the World. In: Macroeconomics in Ecological Context. Studies in Ecological Economics, vol 5. Springer, Cham. https://doi.org/10.1007/978-3-319-51757-5_1

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