Bioeconomics:
Biological
Economics
is
an
interdisciplinary field in which the
interaction of human biology and
economics is studied.
"
Bioeconomics:
A progressive branch of social science
that seeks to integrate the disciplines
of economics and biology for the sole
purpose of creating theories that do a
better job of explaining economic
events using a biological basis and vice
versa.
 conceptual science whose theoretical
foundation is based on holism and
interdisciplinary
for
integrating
available information to generate
innovative knowledge without even
resorting to new information.
Elucidating the interface problems as
discussing the question of coexistence
and co-evolution of the biological and
socio-economic systems where one is
totally dependent upon the other
Recent economic literature on growth
posits
that
given
non-ending
technological
progress,
food
production will continue to outpace
demand for several centuries, ignoring
natural resource limitations with
optimistic views about the role of
technology in surmounting resource
scarcity
and
environmental
degradation.
In contrast, many ecologists and some economists recognize
limits to human population growth set by the relative rates of
renewable resource exploitation and regeneration, and by the
increasing degradation our finite world. Despite this, the
economic literature on renewable resource exploitation largely
ignores or over simplifies the biological basis of
the
“reproductive surplus” that is the basis of sustainable yield
approaches. While many technological advances have produced
positive private and societal economic benefits, some have
caused disastrous environmental problems and others have led
to over-exploitation of renewable resource populations.
SUN - source
BIOLOGICAL CONSUMERS
ECONOMIC CONSUMERS
growth
reproduction
respiration
WHALE
Maintenance
costs
WHALER
excretion
wastage
Capital
Investments
Profit
consumptiom
ALGA
KRILL
The time evolution of an ecosystem is driven by
Darwinian selection processes that determine
which individuals and species survive. All
organisms in all trophic levels are part of the
ecosystem, and each has demand capacity for
resource acquisition that operate within the
bounds of its genetic code — its objective is to
perpetuate the survival of its DNA. Individual
organisms in nature behave as if they are driven by
a quest for utility maximization to increases
individual fitness. Although the resource has free
access, there is a biological price to it implied by its
effects on marginal growth that leads to resource
sustainability.