Environmental protection in economic theory

The paper shows the current state of environmental concerns in economic theory. Different economic schools have incorporated the environmental analysis into their theoretical framework. They use different presumptions, focus on different environmental aspects and come to diverse conclusions and political recommendations. However, there are many unclear frontiers between one another. This paper would like to help to understand these differences. It characterises and compares the main economic schools and theories. The paper focuses on environmental economics, ecological economics, new institutional economics, free market environmentalism, coevolutionary theory in economics and bioeconomics.