This article explains how entrepreneurship can help resolve the environmental problems of global socio-economic systems. Environmental economics concludes that environmental degradation results from the failure of environmental science toward a sustainable future pdf, whereas the entrepreneurship literature argues that opportunities are inherent in market failure. A synthesis of these literatures suggests that environmentally relevant market failures represent opportunities for achieving profitability while simultaneously reducing environmentally degrading economic behaviors. It also implies conceptualizations of sustainable and environmental entrepreneurship which detail how entrepreneurs seize the opportunities that are inherent in environmentally relevant market failures.

Finally, the article examines the ability of the proposed theoretical framework to transcend its environmental context and provide insight into expanding the domain of the study of entrepreneurship. Check if you have access through your login credentials or your institution. The purpose of this article is to stimulate and inform discussion about the community role in sustainable development and to broaden our understanding of the opportunities for sustainable community development activity. It begins with an overview of sustainable development, questioning its focus on poverty as a major source of environmental degradation, and suggesting instead that both poverty and environmental degradation result largely from wealth. Chapter 4 considers the implications for achieving sustainable development in communities, particularly regarding the future of work and community economic development. Chapter 5 details a framework for sustainable community development. Chapter 6 concerns questions of governance for sustainable community development and it focuses on public participation, decision-making, the role of local government, and planning for action.

Chapter 7 examines relevant policy instruments and planning tools. Finally, Chapter 8 explores the challenge ahead for sustainable community development. New Society Publishers, Gabriola Island, BC, 1998. An earlier version of the chapter on natural capital and social capital appeared in Pierce, J. UBC Press, Vancouver, 1999, pp.

This article explains how entrepreneurship can help resolve the environmental problems of global socio-economic systems. Environmental economics concludes that environmental degradation results from the failure of markets, whereas the entrepreneurship literature argues that opportunities are inherent in market failure. A synthesis of these literatures suggests that environmentally relevant market failures represent opportunities for achieving profitability while simultaneously reducing environmentally degrading economic behaviors. It also implies conceptualizations of sustainable and environmental entrepreneurship which detail how entrepreneurs seize the opportunities that are inherent in environmentally relevant market failures.