How do Eco-nomics differ from economics?



  1. 0 Votes

    Economics as a scale and theory is limited by the frameworks set up to calculate the costs and benefits of a particular product. These costs include initial capitol, the materials costs, the production and the marketing and distribution costs. It is often a small view of the entire cradle-to-grave system. Eco-nomics, at is best adds in to that cost-benefit equation all the environmental and social costs involved in producing something. By doing that we come to value products that do less harm to the environment and are more benign socially.

  2. 0 Votes

    Eco-nomics always has an eye on aiding the planet while profits are secondary. Economics seeks profits first and all else is secondary. (The possible exception to this latter idea might have come from the likes of Jeremy Bentham and John Stuart Mill, who considered utility (satisfaction) to be supreme.)

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