Ecological economics facts for kids
Ecological economics (also called eco-economics, ecolonomy or bioeconomics of Georgescu-Roegen) is both a transdisciplinary and an interdisciplinary field of academic research about the coevolution of human economies and natural ecosystems.
By treating the economy as a system of Earth's larger ecosystem, and by the preservation of natural capital, the field of ecological economics is different from environmental economics.
Images for kids
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The marginal costs of a growing economy may gradually exceed the marginal benefits, however measured.
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Exergy analysis can be performed to find connections between economic value and the physical world. Here the costs of heating (vertical axis) are compared with the exergy content of different energy carriers (horizontal axis). Red dots and trend line indicate energy prices for consumers, blue dots and trend line indicate total price for consumers including capital expenditure for the heating system. Energy carriers included are district heating (D), ground-source heat pump (G), exhaust air heat pump (A), bioenergy meaning firewood (B), heating oil (O) and direct electric heating (E).
See also
In Spanish: Economía ecológica para niños
