Concept information
Preferred term
bioeconomics
Definition
- Bioeconomics, the integration of economics with biology, aims at enriching the two disciplines with the transfer of concepts and tools in both directions. The new field emerged in the 1970s, with contributions from the founders of bioeconomics, economists Gordon Tullock, Gary Becker, and Jack Hirshleifer, and biologist Michael Ghiselin.Tullock applied standard economic theory of constrained maximization by humans to the analysis of a bird, the coal tit, and its consumption behavior. [Source: Encyclopedia of Law & Society: American and Global Perspectives; Bioeconomics]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/bioeconomics
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