This book undertakes the first general assessment of ecological economics from a Marxist point of view, and shows how Marxist political economy can make a substantial contribution to ecological economics. The analysis is developed in terms of four basic issues: (1) nature and economic value; (2) the treatment of nature as capital; (3) the significance of the entropy law for economic systems; (4) the concept of sustainable development. In each case, it is shown that Marxism can help ecological economics fulfill its commitments to multi-disciplinarity, methodological pluralism, and historical...

Over a decade ago Foster and Burkett introduced a revolutionary understanding of the ecological foundations of Marx's thought, demonstrating that Marx's concepts of the universal metabolism of nature, social metabolism, and metabolic rift prefigured much of modern systems ecology. In this volume, Foster and Burkett expand on this analysis in the process of responding to recent ecosocialist criticisms of Marx.