Set of knowledge,beliefs, and learned ways of life of a group.
Looking at the world under the influence of setting and culture
A groups set of moral principles and their interpretation of right and wrong
Those who believe moral principles are always dependent on the particular situation.
those who believe that some fundamental ethical principles are universal and unchanging. In this vision, these principles are valid regardless of the context or situation
The criteria that help differentiate right from wrong
the belief that humans hold a special place in nature; being centered primarily on humans and human affairs.
the belief that all creatures have rights and values; being centered on nature rather than humans
Moral principle that regards the ecosphere as the most important being in existence in an attempt to redress the imbalance created by anthropocentrism
Preservation states that we should protect our environment in a pristine, unaltered state. Conservation says we should put natural resources to use but that we have a responsibility to manage them wisely.
Well-being and flourishing of all life have intrinsic value; richness and diversity of life contribute; may involve decrease in human population; humans don't have the right to reduce life
a pluralistic, nonhierarchical, relationship-oriented philosophy that suggests how humans could reconceive themselves and their relationships to nature in nondominating ways as an alternative to patriarchal systems of domination
A recognition that access to a clean, healthy environment is a fundamental right of all human beings
the study of how people seek to satisfy their needs and wants by making choices
frugality in the expenditure of money or resources
tangible products that we use to satisfy our wants and needs
actions or activities that one person performs for another
a type of economy in which human groups live off the land with little or no surplus
Capitalist market economy
an economy in which buyers and sellers interact to determine which goods and services to produce, how much of them to produce, and how to distribute them
Centrally planned economy
economic system in which the central government makes all decisions on the production and consumption of goods and services
have a combination of both private and goverment ownership and control of the means of production
the idea that free markets can regulate themselves
an approach to economics based on supply and demand which depends on economic agents operating rationally based on available info
Cost benefit analysis
economic model that compares the marginal costs and marginal benefits of a decision
indirect or unintended consequences imposed on society that may not be understood or anticipated
costs associated with quality failures uncovered after products reach customers.
unsustainable addiction to overconsumption and materialism exhibited in the lifestyles of affluent consumers in the united states and other developed countries
hold the view that economics is a sub-system of the Earth and that resources, goods, services, and money flow impact not only homes and businesses but all of Earth's systems
Steady state economy
characterized by low birth and death rates, use of renewable energy sources, recycling of materials, and emphasis on durability, efficiency, and stability.
tend to agree with ecological economists that economies are unsustainable if poplualation growth is not reduced and resource use is not made more efficient
Gross Domestic Product- the total market value of all final goods and services produced annually in an economy
GPI: Genuine Progress Indicator= GDP + Benefits not included in market transactions (ie volunteering) - harmful environmental and social costs
Non market values
Values not included in the price of a good or service.
surveys people regarding their willingness to pay for a good or service such as hiking opportunities or air quality
situations in which the market does not lead to a desired result
serves to tell consumers which brands use environmentally benign processes