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.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
References
Bowles, S. (1998). Endogenous preferences: The cultural consequences of markets and other economic institutions. Journal of Economic Literature, 36(1), 75–111.
Daly, H. E., & Cobb, J. B. (1994). For the common good: Redirecting the economy toward community, the environment, and a sustainable future. Boston: Beacon Press.
Easterlin, R. A., McVey, L. A., Switek, M., Sawangfa, O., Zweig, J. S. (2010). The happiness-income paradox revisited. Procedings of the National Academy of Sciences, 107(52), 22463–22468.
Layard, R. (2003). What is happiness? Are we getting happier? Lionel Robbins Memorial Lectures 2002/3, 2003. http://cep.lse.ac.uk/events/lectures/layard/RL030303.pdf. Accessed July 17, 2014.
Moynihan, D. P., DeLeire, T., & Enami, K. (2013). A life worth living: Evidence on the relationship between prosocial values and happiness. The American Review of Public Administration, 45, 311–326.
Schor, J. B. (1999). The overspent american: Why we want what we don’t need. New York: Harper Perennial.
Schwartz, C., Meisenhelder, J. B., Ma, Y., & Reed, G. (2003). Altruistic social interest behaviors are associated with better mental health. Psychosomatic Medicine, 65(7), 778–785.
Stevenson, B., & Wolfers, J. (2008). Economic growth and subjective well-being: Reassessing the Easterlin paradox. NBER working paper 14282. http://www.nber.org/papers/w14282. Accessed July 17, 2014.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2017 Springer International Publishing AG
About this chapter
Cite this chapter
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
Download citation
DOI: https://doi.org/10.1007/978-3-319-51757-5_1
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-51755-1
Online ISBN: 978-3-319-51757-5
eBook Packages: Economics and FinanceEconomics and Finance (R0)