Ecological economics don’t appear like Haley’s comet for extra light whenever you need it. Empires and nations evolved into being for sundry reasons along common economic and geographical principals; live near water sources, build farm to market roads, aggregate populations at commercial sales centers, advance technology, consume environmental resources to progress the quality of life. That basic pattern continues to this day when the limits to demographic growth and exploitation of environmental resources have been reached.
The boomer generation was the first in human history to formalize the study of environmental economics aka ecological economics. Besides being a generation that implemented mass human and civil rights legislation and actualized advanced computer and software technology bringing knowledge and data from all of human history to anyone, a core formed amidst the traditional economics social reality that recognized the fact that human economics needs to transition to economic production that minimizes loss of natural resources, conserves the ecosphere’s health and supports the continuing advance of quality of life for the masses.
That core tech-science of ecological economics is the generational hand off that need be taken up and run with a Walter Payton-like determination, growing to large scale to energize an economic transition of traditional methods into ecologically efficient ones through free enterprise, the fountainhead of creativity and adaptation. Reforming the national and global political economies with clever and fair legislation to encourage free enterprise to act within ecologically synergistic ways will be quite challenging, since mass changes need be financed with traditional economic methods and tax revenue support. It is like burning the planks of a wooden ship to fuel the ship steam engine while constructing a magnetohydrodynamic drive to power a hydrofoil trimaran with carrying capacity of all the passengers.
It is a good idea to act where possible to respond to point environmental challenges (i.e. global warming) on a pay-as-you-go basis. It would be unwise to tie up the political economy with such pursuits that spend trillions of dollars added to public debt while neglecting the foundation problem of non-ecologically sustainable economic infrastructure, ecologically destructive legal paradigms and as a mass extinction of wildlife and ecosphere progresses actively. An ecological economic political economy should meet the challenges of global warming, habitat loss, mass extinction and support free enterprise within ecologically and economically sustainable criteria.
Logically there are two basic options. One is to ignore global ecosphere degradation and count on space science and technology to build new mansions in micro gravity for humanity to occupy as the Earth is lost to life. The second is to restore the ecosphere with ecological economics while developing micro gravity habitats to expand to. The first option is a loss of natural life leader and has no return to Earth option if micro gravity or extra terrestrial housing flops because human life cannot adapt evolutionary speaking, to the different gravity and extra-terrestrial conditions. The second option keeps the Earth as a viable ecosphere for human and all forms of Earth life for millions of years while space colonization is slowly evolved along ecological economic lines.