Correlation Between Steady State and Ecological Economics
Correlation Between Steady State and Ecological Economics
Abstract
In an era of environmental uncertainty and global climate change, economic
sustainability has become a primary focus of attention. This article discusses the
concepts of steady-state and ecological economics as responses to these challenges.
Steady-state, which refers to the balance between economic growth and environmental
integrity, is described alongside the concept of ecological economics, which emphasizes
the need to consider environmental impacts in economic decision-making. Through a
comprehensive conceptual review, this article highlights the importance of an integrated
approach in creating a sustainable and equitable economic system. Hopefully, this
understanding will enrich public policy insights and business practices toward a more
sustainable future.
Keywords: Steady-state, ecology, ecological economics