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A dimensionally consistent aggregation framework for biophysical metrics

Deepak Malghan
Journal Name
Ecological Economics
Journal Publication
others
Publication Year
2011
Public Policy
Publication Date
Vol. 70, No. 5, PP 900-909, 15 March 2011
Abstract

We develop a formal representation of the economy-ecosystem interaction problem by distinguishing between stock-flow, and fund-flux spaces (Georgescu-Rogen, 1971). We then define dimensionless quantities in both the cardinal stock-flow space and the ordinal fund-flux space. We show that a stock-fund representation of the economy-ecosytem interaction problem helps investigate aggregation properties of biophysical metrics.

A dimensionally consistent aggregation framework for biophysical metrics

Author(s) Name: Deepak Malghan
Journal Name: Ecological Economics
Volume: Vol. 70, No. 5, PP 900-909, 15 March 2011
Year of Publication: 2011
Abstract:

We develop a formal representation of the economy-ecosystem interaction problem by distinguishing between stock-flow, and fund-flux spaces (Georgescu-Rogen, 1971). We then define dimensionless quantities in both the cardinal stock-flow space and the ordinal fund-flux space. We show that a stock-fund representation of the economy-ecosytem interaction problem helps investigate aggregation properties of biophysical metrics.