This second edition is brought about by two factors. First, the initial printing sold out much more rapidly than we expected. Second, several colleagues have been kind enough to suggest that this book not only has a contribution to make to ecological economics, but also has relevance to economics general. Thus our OUf distinction distinction between between genotypic genotypic and phenotypic evolution may be used to characterise not only economic sectors, but also whole economies, and in particular economic schools of thought. For instance, the Austrian subjectivist school deals explicitly...

The global greenhouse effect may be one of the greatest challenges ever to face humankind. If fossil fuel use, and the consequent CO emissions, 2 continue to increase at their current trend, there is the possibility that over the next century there will be massive climate change and the flooding of coastal areas. The economics profession is beginning to respond to this challenge, through seeking to understand the economic processes which detennine the demand for energy, the proportion of this energy supplied by fossil fuels, and the policy instruments available for reducing fossil fuel demand...