The Ecological Economics of Sustainability: Making Local and Short-Term Goals Consistent with Global and Long-Term Goals

There is increasing awareness that our global ecological We support system is endangered Decisions made on the basis of local, short-term criteria can produce disastrous results globally and in the long run. There is also increasing awareness that traditional economic and ecological models and concepts fall short in their ability to deal with these problems. The International Society for Ecological Economics is concerned with extending and integrating the study and management of "nature's household" (ecology) and "humankind's household" (economics). Ecological Economics studies the ecology of humans and the economy of nature, the web of interconnections uniting the economic subsystem to the global ecosystem of which it is a part. It is this larger system that must be the object of study if we are to adequately address the critical issues that now face humanity.