ENVS220 Lecture Notes - Lecture 1: Thomas Robert Malthus, Excludability, Thermodynamics

• School: University of Waterloo
• Department: Environmental Studies
• Course: ENVS220
• Professor: Jason Thistlethwaite

Document Summary

Economists are the highest priests of policy: capitalism vs. They figured out that growth is what people enjoy. But the (cid:373)o(cid:396)e (cid:449)e g(cid:396)o(cid:449), the (cid:373)o(cid:396)e (cid:449)e use the e(cid:374)(cid:448)i(cid:396)o(cid:374)(cid:373)e(cid:374)t; this is (cid:449)h(cid:455) (cid:449)e(cid:859)(cid:396)e he(cid:396)e: linkages between environment and the economy. The (cid:449)o(cid:396)ds (cid:858)e(cid:272)olog(cid:455)(cid:859) a(cid:374)d (cid:858)e(cid:272)o(cid:374)o(cid:373)i(cid:272)s(cid:859) sha(cid:396)e the sa(cid:373)e g(cid:396)eek (cid:396)oot: (cid:858)oikos(cid:859: oikos the home, ecology the stud(cid:455) of , economics (cid:373)a(cid:374)age(cid:373)e(cid:374)t of . You can prioritize economic systems and focus on growth by learning about the ecological environment. Ecology: a branch of science concerned with the interrelationship of organisms and their environments; ecology is the physical science side of interactions within the world. Economics: a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services. Though the usage of the terms has evolved, they are tightly linked. Many argue that we should study both in an integrated way. *the two concepts are closely related: economic growth environment.