Publication Details

Category Text Publication
Reference Category Journals
DOI 10.1016/j.ecolecon.2005.06.006
Title (Primary) On the foundation of a general theory of stocks
Author Faber, M.; Frank, K. ORCID logo ; Klauer, B.; Manstetten, R.; Schiller, J.; Wissel, C.
Source Titel Ecological Economics
Year 2005
Department OEKON; OESA
Volume 55
Issue 2
Page From 155
Page To 172
Language englisch
Keywords Dynamics; Permanency; System; Time scales; Population; Persistence

This essay develops the “concept of stocks” — a conceptual notion designed to enable a clearer understanding of the interaction between the dynamics of ecosystems and the economy. The notion of stocks is formulated in a general manner based on set theory. The central attribute of a stock is its temporal durability. Seen thus, stocks are suitable for depicting the influences a system's history has on its present — and hence for analysing temporal developments. Since permanency is a temporal attribute, the concept of stocks is not specifically limited to individual scientific disciplines and is suitable for interdisciplinary analysis. The notion is applied to economic and ecological examples and generalised for stochastic sets. The hierarchical structure of actual ecological-economic systems can be analysed by distinguishing the stock perspective from a system view. A theory of stocks may be a building block for the conceptual foundations of ecological economics.

Persistent UFZ Identifier
Faber, M., Frank, K., Klauer, B., Manstetten, R., Schiller, J., Wissel, C. (2005):
On the foundation of a general theory of stocks
Ecol. Econ. 55 (2), 155 - 172 10.1016/j.ecolecon.2005.06.006