Economists vs. Ecologists: Bridging the Gap

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Bridging the eco-economy divide: We spend a lot of time worrying about our economic deficits, but the ecological deficits are what threaten our long-term economic future.

In 1543, Polish astronomer Nicolaus Copernicus published “On the Revolutions of the Celestial Spheres,” in which he challenged the view that the sun revolved around the Earth, arguing instead that the Earth revolved around the sun. With his new model of the solar system, he began a wide-ranging debate among scientists, theologians and others. His alternative to the earlier Ptolemaic model — which had the earth at the center of the universe — led to a revolution in thinking, and to a new worldview.

Today we need a similar shift in our worldview, in how we think about the relationship between the Earth and the economy. The issue now is not which celestial sphere revolves around the other, but whether the environment is part of the economy or the economy is part of the environment. Economists see the environment as a subset of the economy. Ecologists, on the other hand, see the economy as a subset of the environment.

Like Ptolemy’s view of the solar system, the economists’ view is confusing efforts to understand our modern world. It has created an economy that is out of sync with the ecosystem on which it depends.

Economic theory and economic indicators do not explain how the economy is disrupting and destroying the Earth’s natural systems. Economic theory does not explain why Arctic sea ice is melting. It does not explain why grasslands are turning into desert in northwestern China, why coral reefs are dying in the South Pacific, or why the Newfoundland cod fishery collapsed. Nor does it explain why we are in the early stages of the greatest extinction of plants and animals since the dinosaurs disappeared 65 million years ago. Yet economics is essential to measuring the cost to society of these excesses.

Evidence that the economy is in conflict with the Earth’s natural systems can be seen in the daily news reports of collapsing fisheries, shrinking forests, eroding soils, deteriorating rangelands, expanding deserts, rising atmospheric carbon dioxide levels, falling water tables, rising temperatures, more destructive storms, melting glaciers, rising sea level, dying coral reefs, and disappearing species. These trends, which mark an increasingly stressed relationship between the economy and the Earth’s ecosystem, are taking a growing economic toll. At some point, this could overwhelm the worldwide forces of progress, leading to economic decline.

  • Published on May 15, 2009
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