Keywords: green economics, environmental economics, sustainability, externalities, sustainable development
Turning economics inside out
This article sets out a view of the purposes and approaches of 'green economics'. It looks particularly at the 'boundary' conventionally drawn around economics, and at the 'inputs' and 'externalities' which cross that boundary, and proposes that these should be the primary focus for work on green economics, incorporating both ecological and social aspects. The article includes a brief critique of conventional environmental economics, distinguishing that approach from the approach of green economics.