Ecological Economics for Sustainable Infrastructure Management

Abstract

Ecological economics is a multidisciplinary endeavour to connect the social sciences and nature in general. It also connects aspects of ecology and economics to a particular understanding. The created concept centred on the mission to acquire a more advanced albeit better scientific understanding of the complex interconnections between humans, animals and the rest of nature. This is driven towards utilising the obtained knowledge to establish policies that will lead to a more environmentally sustainable world, with a fair resource distribution (both across human groups and generations, as well as between humans, the environment and other species), and also efficiently allocates limited resources such as ‘natural’ and ‘social’ capital. This practice necessitates the development of new methodologies that are comprehensive, adaptive, integrative, multi-scale, pluralistic and evolutionary, while also acknowledging the enormous uncertainties involved.

Citation

Oke, A.E. and Stephen, S.S. (2024), "Ecological Economics for Sustainable Infrastructure Management", A Digital Path to Sustainable Infrastructure Management, Emerald Publishing Limited, Leeds, pp. 47-55. https://doi.org/10.1108/978-1-83797-703-120241005