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Environmental life‐cycle management emerges
Author(s) -
Ferrone Bob
Publication year - 1996
Publication title -
environmental quality management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.249
H-Index - 27
eISSN - 1520-6483
pISSN - 1088-1913
DOI - 10.1002/tqem.3310050311
Subject(s) - incentive , value (mathematics) , economics , ecology , environmental resource management , management science , environmental economics , business , computer science , microeconomics , biology , machine learning
Ecological economic thinking leads us to conclude that instead of being mesmerized into inaction by scientific uncertainty over our future, we should acknowledge uncertainty as a fundamental part of the system. We must develop better methods to model and value ecological goals and services and devise policies to translate those values into appropriate incentives. If we continue to segregate ecology and economics, we are courting disaster.