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Encyclopedia > Resource economics

The field of resource economics includes the study of environmental economics, agricultural production and marketing, bioeconomics, community economic development, resource utilization, and environmental policy.


It has evolved as the idea of "natural resources" and "human resources" were challenged by the ideas of "natural capital" and "human capital" and is now hard to characterize as a separate field of its own. It was a major influence on the theory of Natural Capitalism and of eco-villages.


See also


  Results from FactBites:
 
Economics - Wikipedia, the free encyclopedia (4651 words)
Economics is said to be normative when it recommends one choice over another, or when a subjective value judgement is made.
Economics, which focuses on measurable variables, is broadly divided into two main branches: microeconomics, which deals with individual agents, such as households and businesses, and macroeconomics, which considers the economy as a whole, in which case it considers aggregate supply and demand for money, capital and commodities.
An outgrowth of neo-classical economics is rational expectations, which differs from neo-classical economics in that it does not see a micro-economic foundation for macro-economic behavior, and it emphasizes the strategies of rational economic actors in creating macro-effects.
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