EUS 202 Lecture Notes - Carbon Footprint, Social Capital, Herman Daly

• School: Ryerson University
• Department: Environment and Urban Sustainability
• Course: EUS 202
• Professor: Christopher Greene

Document Summary

Herman daly & david pearce: having enough resources to support future generations. Worldviews are shaped by culture, religion, experiences. Worldviews affect how we approach problems, and understand. Rees: suggested that there are 2 competing paradigms related to economics. Expansionist: belief that sustainability is best approached through free and open markets (right prices & internalizing). No major changes are required technological expansionism: technology can compensate for vital depleted resources. Associates with neoclassical economics: independent of environment following this path will lead to more wealth, less social inequity, and more power to lead the environment. Steady-state (ecological): belief that the expansionist paradigm has contributed to issues of sustainability. Economy is constrained within the environment ( biophysical limits exsist) Believe the economy and environment are governed by system dynamics (esp. Assumptions: economy is highly order, maintains itself, energy transformations result in low quality energy, more disorder into the ecosphere. Capital: factor of production; used in the production of goods and services.