Sustainable Economic Development: The Necessary Dialogue between Environmental Law and Economics

Abstract

This article aims to analyze the distinction between the concepts of economic growth, economic development, sustainable development and environmental justice; the inter-action between Environmental Law and Economics in the paradigm of environmental justice, and what is the purpose of such interaction; and environmental justice as a possible solution to the installed state of environmental imbalance. To this end, the concepts of economic growth, economic development, sustainable development and environmental justice are investigated; Complexity Theory and its transdisciplinary approach; and environmental justice as a new order capable of reversing a state of installed environmental imbalance. To obtain the results desired by the research, the method of approach to be followed will be the empirical-dialectical, using bibliographic research, having as a reference system of the Law and Economics of Richard A. Posner. In conclusion, it is pointed out that there is a need for a new development model, which, based on transdisciplinarity, should seek solutions in favor of socioeconomic-environmental balance for present and future generations, as a way of overcoming the state of environmental imbalance installed, as well as all the economic, political, cultural, social and environmental impacts caused by it.