Green Economics and Ecological Economics - Essay Example

Green economics and ecological environment differ from neoclassical economics in the sense that green and ecological economics is based upon localization. It favors the local measures whereas the neoclassical environment economics views this issue from a global perspective with more emphasis on how the global resources are being actually damaged. Ecological economics, however, goes beyond the same and actually attempts to address the issue of co-dependency of the human economies and natural systems.

Neoclassical economics, however, does not view this from an interconnected perspective and suggests that it is the study of understanding the impact of policies on the environment. A key difference can also be witnessed in the assumptions made regarding the continuous economic growth in a finite space as both green and ecological economics indicate that it is impossible to achieve this without actually damaging the environment and the resources. (Gurjar, Molina, & Ojha, 2010)