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| Author: | Weston, R. Ruth, M. |
| Title: | A dynamic, hierarchical approach to understanding and managing natural economic systems |
| Journal: | Ecological Economics
1997 : APR, VOL. 21:1, p. 1-18 |
| Index terms: | DYNAMIC MODELS STEEL INDUSTRY ECOLOGY |
| Language: | eng |
| Abstract: | The study of economic systems, and their guidance towards sustainability, can be enhanced by understanding how natural systems use materials and energy at various levels of system organization, how these levels interrelate, and how interrelationships change. Towards this end, the paper introduces natural economics as an approach to understanding the dynamics of hierarchical systems. The authors define the concepts of natural economics to facilitate the description and assessment of system change, and present dynamic modeling as a method for empirical research an as a tool for management decision making. |
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