Palavras-chave
Ecological macroeconomics
Methodological pluralism
Post-Keynesian macroeconomics.
Methodological pluralism
Post-Keynesian macroeconomics.
Como Citar
SAES, Beatriz Macchione; ROMEIRO, Ademar Ribeiro. Ecological macroeconomics: a methodological review. Economia e Sociedade, Campinas, SP, v. 28, n. 2, p. 365–392, 2019. Disponível em: https://periodicos.sbu.unicamp.br/ojs/index.php/ecos/article/view/8656992. Acesso em: 24 abr. 2024.
Resumo
The paper aims to analyse and provide an overview of the emerging ecological macroeconomic approach from a methodological point of view. As with ecological economics, this emerging approach is being constituted by a methodologically plural set of studies. We identify and classify three main macroeconomic strands developed from ecological economic concerns. Firstly, we present the conventional macroeconomic IS-LM model adapted to a sustainable scale of production. Secondly, we discuss a fundamentalist post-Keynesian view on ecological economics that criticises the use of models more heavily. Finally, we describe the attempts to build ecological macroeconomic models based on the post-Keynesian approach. For each model, theories, methods, and assumptions are discussed and evaluated in light of ecological economic foundations. We conclude by reinforcing the role of methodological criticism in the consolidation of relevant ecological macroeconomics.
Referências
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JACKSON, T.; VICTOR, P. Towards a stock-flow consistent ecological macroeconomics. An overview of the FALSTAFF framework with some illustrative result. UNEP Inquiry/CIGI Research Convening United Nations Environment Programme, 2015b. (Inquiring working paper 15/04).
JACKSON, T.; VICTOR, P. Productivity and work in the ‘green economy’ – some theoretical reflections and empirical tests. Environmental Innovation and Societal Transitions, v. 1, p. 101-108, 2011.
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HARDT, L.; O’NEILL, D. W. Ecological macroeconomic models: assessing current developments. Ecological Economics, v. 134, p. 198-211, 2017.
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HEYES, A. A proposal for the greening of textbook macro: ‘IS-LM-EE’. Ecological Economics, v. 32, p. 1-7, 2000.
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HOLT, R. P. F.; PRESSMAN, S. E.; SPASH, C. (Ed.). Post Keynesian and ecological economics. Confronting environmental issues. Cheltenham: Edward Elgar, 2009.
HOLT, R. P. F.; SPASH, C. L. Post Keynesian and ecological economics: alternative perspectives on sustainability and environmental economics. In: HOLT, R. P. F.; PRESSMAN, S.; SPASH, C. L. (Ed.). Post Keynesian and ecological economics: confronting environmental issues. Cheltenham: Edward Elgar, 2009. p. 3-24.
JACKSON, T. Prosperity without growth: economics for a finite planet. London: Sterling, VA, Earthscan, 2009.
JACKSON, T.; DRAKE, B.; VICTOR, P.; KRATENA, K.; SOMMER, M. Foundations for an ecological macroeconomics: literature review and model development. Workpackage 205, Milestone 38, Welfare Wealthy Work for Europe Project. Vienna: WIFO, 2014. (Working Paper, n. 65).
JACKSON, T.; VICTOR, P. Does slow growth lead to rising inequality? Some theoretical reflections and numerical simulations. Ecological Economics, v. 121, p. 206-219, 2016.
JACKSON, T.; VICTOR, P. Does credit create a ‘growth imperative’? A quasi-stationary economy with interest-bearing debt. Ecological Economics, v. 120, p. 32-48, 2015a.
JACKSON, T.; VICTOR, P. Towards a stock-flow consistent ecological macroeconomics. An overview of the FALSTAFF framework with some illustrative result. UNEP Inquiry/CIGI Research Convening United Nations Environment Programme, 2015b. (Inquiring working paper 15/04).
JACKSON, T.; VICTOR, P. Productivity and work in the ‘green economy’ – some theoretical reflections and empirical tests. Environmental Innovation and Societal Transitions, v. 1, p. 101-108, 2011.
KALDOR, N. A model of the trade cycle. The Economic Journal, v. 50, p. 78-92, 1940.
KALECKI, M. A macrodynamic theory of business cycles. Econometrica, v. 3, p. 327-344, 1935.
KALECKI, M. Selected essays on the dynamics of the capitalist economy. Cambridge: Cambridge University Press, 1971.
KALLIS, G.; MARTINEZ-ALIER, J. and NORGAARD, R.B., 2009. Paper assets, real debts: Na ecological-economic exploration of the global economic crisis, Critical perspectives on international business, v. 5, no. 1, 14-25.
KEYNES, J.M. The general theory of employment. Quarterly Journal of Economics, v. 51, p. 209-223, 1937.
KEYNES, J. M. The general theory of employment, interest and money. London: Macmillan Press, 1936.
KEYNES, J. M. A treatise on probability. London: Macmillan, 1921.
KRONENBERG, T. Finding common ground between ecological economics and postKeynesian economics. Ecological Economics, v. 69, p. 1488-1494, 2010.
LAVOIE, M. Post-Keynesian economics: new foundations. Cheltenham, Northampton: Edward Elgar, 2014.
LAVOIE, M. Towards a post-Keynesian consensus in macroeconomics: reconciling the Cambridge and Wall Street views. In: HEIN, E.; NIECHOJ, T.; STOCKHAMMER, E. (Ed.). Macroeconomic policies on shaky foundations: wither mainstream economics? Marburg: Metropolis Verlag, 2009. p.75-99.
LAWN, P. A. On Heyes’ IS-LM-EE proposal to establish an environmental macroeconomics. Environment and Development Economics, v. 8, 31–562003.
LAWSON, T. Reorienting economics. London: Routledge, 2003.
LUCAS, R.E. and SARGENT, T.J. After Keynesian macroeconomics. Federal Reserve Bank of Minneapolis Quarterly Review, v. 3, no. 2, 1-161978.
MACEDO AND SILVA, A.C. and DOS SANTOS, C.H. Peering over the edge of the short period? The Keynesian roots of stock-flow consistent macroeconomic models. Cambridge Journal of Economics, v. 35, 105-124, 2011.
MAYUMI, K. The origins of ecological economics. The bioeconomics of Georgescu-Roegen. London and New York: Routledge, 2001.
MEARMAN, A. Recent developments in post Keynesian methodology and their relevance for understanding environmental issues. In: HOLT, R. P. F.; PRESSMAN, S. E.; SPASH, C. (Ed.). Post Keynesian and ecological economics. Confronting environmental issues. Cheltenham: Edward Elgar, 2009.
MEADOWS, D.; MEADOWS, D.; RANDERS, J.; BEHRENS III, W. The limits to growth. New York: Universe Books, 1972.
MINSKY, H. P. Stabilizing an unstable economy. New York: McGraw-Hill, 2008.
MINSKY, H. P. The financial instability hypothesis: an interpretation of Keynes and an alternative to ‘standard’ theory. Nebraska Journal of Economics and Business, v. 16, n. 1, p. 5-16, 1977.
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