A reflection on economic theory and sustainable development

Keywords: Sustainable development, Microeconomics, Economic History

Abstract

It is undeniable to affirm that the current global environmental damage is the result of a long chain of human activities, in which the rapid industrialisation and its economic fundamentals have paved the way to the exploitation of natural resources so as to create wealth. The industrial use of natural resources has been an important factor for the destruction of countless regions, the extinction of species and the creation of conditions that threaten the human existence itself.

This paper is dedicated to underline some elements within economic theory in order to explain how several of these economic axioms have taken such deep roots that they have become into obstacles to properly understand how the economic system has led to the current environmental conditions. At the end of this paper, it will be possible to reflect on how profound changes in economic theory and multilateral institutions that could avoid an environmental collapse.

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Published
2023-07-05
How to Cite
Vega Pérez , R. (2023). A reflection on economic theory and sustainable development. CaleidoscoPI, 1(1), 1-10. Retrieved from https://repository.uaeh.edu.mx/revistas/index.php/caleidoscopi/article/view/10936
Section
Articles