What changes occur when the economic cycle is expanded to include the environmental factor?
Can anyone give me an answer to this?
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As a production factor soil or Environment emerges in the economic cycle. In this respect, no changes are to be expected.
An economic cycle describes how money flows in a circle. There are very “beautiful” calculations, but there is no consideration of the consumption of resources and there is no mention of the waste produced. There are no connections to the material cycles of nature.
Economics as sciences suffer from the fact that their models are old and do not take into account the complex interactions and feedback of nature. The need for environmental protection measures is too often seen as a brake on economic performance.