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Ecological Economics Beyond Markets.

Sam Bliss1,2, Megan Egler1,2

  • 1Gund Institute for Environment, University of Vermont, 210 Colchester Avenue, Burlington, VT 05405, United States.

Ecological Economics : the Journal of the International Society for Ecological Economics
|August 25, 2020
PubMed
Summary

Ecological economists should study non-market economies, including sharing and gifts, as markets are not suited for all goods and can undermine justice and sustainability. Researching these systems challenges market dominance.

Keywords:
Gift EconomyInstitutionsNon-market Food SystemsSharingSocial Constructivism

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Area of Science:

  • Ecological economics
  • Social economics
  • Political economy

Background:

  • Non-market practices like sharing and gifts are prevalent even in capitalist societies.
  • Markets are often state-imposed and not spontaneously generated by communities.
  • Markets excel at coordinating complex industrial production but fail for non-rival, non-excludable, or culturally important goods.

Purpose of the Study:

  • To argue for the importance of ecological economists studying non-market economies.
  • To propose an research agenda for understanding non-market economic practices and institutions.
  • To challenge the dominance of market-based systems in social and economic life.

Main Methods:

  • Literature review and theoretical argumentation.
  • Developing a research agenda with nine broad questions focused on non-market food systems.
  • Analyzing existing evidence and theory related to non-market economies.

Main Results:

  • Markets do not inherently serve justice, sustainability, efficiency, or value pluralism, core tenets of ecological economics.
  • Ignoring non-market economies reinforces market hegemony and limits social and economic possibilities.
  • A research agenda is proposed to explore non-market food systems, offering a framework for future study.

Conclusions:

  • Ecological economics must engage with non-market economies to foster a more just, sustainable, and diverse economic system.
  • Understanding and supporting non-market institutions is crucial for challenging market dominance.
  • Future research should focus on the theory, practice, and potential of non-market economic systems.