Biophysical Economics

Biophysical Economics is an interdisciplinary field that merges economics with the principles of biology and physics. It examines how natural resources and energy flow influence economic systems. Instead of viewing the economy as a self-contained entity, it considers the ecological and physical limits of our planet. By analyzing the relationship between energy, resources, and economic activities, Biophysical Economics seeks to understand sustainability and the long-term effects of human activities on the environment, advocating for a more integrated approach to economic planning that respects ecological constraints.