ecological economics active field between economics , ecology annual conferences, international societies , international journal. 1956 1963 h.t.odum worked director of marine institute of university of texas. during time odum became aware of interplay of ecological-energetic , economic forces. therefore funded research use of conventional economic approaches quantify dollar values of ecological resources recreational, treatment , other uses. research calculated potential value of primary production per bay surface area.
for hall importance of odum s work came through integration of systems, ecology, , energy economics, odum s view economics can evaluated on objective terms such energy rather on subjective, willingness pay basis.
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