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      Chapter

      Demand-driven ecological collapse
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      Chapter

      Demand-driven ecological collapse

      DOI link for Demand-driven ecological collapse

      Demand-driven ecological collapse book

      A stock-flow fund-service model of money, energy and ecological scale

      Demand-driven ecological collapse

      DOI link for Demand-driven ecological collapse

      Demand-driven ecological collapse book

      A stock-flow fund-service model of money, energy and ecological scale
      ByJonathan Barth, Oliver Richters
      BookPrinciples and Pluralist Approaches in Teaching Economics

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      Edition 1st Edition
      First Published 2019
      Imprint Routledge
      Pages 22
      eBook ISBN 9781315177731
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      ABSTRACT

      This chapter deals with social polarization and environmental degradation as the great challenges of our time. To address both issues on an equal footing integrated models are needed, which study the linkages between the socio-economic and the environmental sphere. The toy model of this chapter shows that demand-driven, post-Keynesian stock-flow consistent models can successfully be integrated with the study of physical stocks, flow and funds. Using this approach, we study interrelations between the monetary economy and the physical environment. Our results show that a non-growing economy is only compatible with ecological stability if the environmental impact of the steady state is sufficiently small to avoid continuous degradation of the ecological environment.

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