TY - JOUR
AU - Matutinović, Igor
AB - JOURNAL OF ECONOMIC ISSUES Vol. XLI No.4 December 2007 Jei An Institutional Approach to Sustainability: Historical Interplay of Worldviews, Institutions and Technology Igor Matutinovit Although the capitalist economic system appears to be resilient to disturbances arising from its own dynamics (Matutinovic 2005; 2006) this might change substantially if its boundary conditions were altered significantly and abruptly - like an energy or environmental crisis at the global scale. The possibility of such a critical change in boundary conditions is glooming out of many recent studies dealing with the health of the global environment. For example, there is mounting evidence of potentially irreversible deterioration of important ecosystems like oceans and tropical forests; an alarming rate of species facing extinction; and a change in global climate, all of which appear to be induced by anthropogenic activities (Scheffer et al. 2001; Mooney, Cropper and Reid 2005; Brook 2005; Hansen et al. 2006). The standard approach to these and other problems that concern human impact on the environment has been focusing, so far, on technological progress and market mechanisms: by using less polluting technologies and by letting prices mediate our relations with nature, mainstream economic theory and conventional wisdom wishes to preserve the natural 
TI - An Institutional Approach to Sustainability: Historical Interplay of Worldviews, Institutions and Technology
JF - Journal of Economic Issues
DO - 10.1080/00213624.2007.11507089
DA - 2007-12-01
UR - https://www.deepdyve.com/lp/taylor-francis/an-institutional-approach-to-sustainability-historical-interplay-of-5DCNZ9osaV
SP - 1109
EP - 1137
VL - 41
IS - 4
DP - DeepDyve
ER -