The relevance of epistemic analysis to sustainability economics and the capability approach

This paper considers how epistemic analyses (Birkin and Polesie, 2011; Foucault, 1970, 1990a, 1990b) may assist with the development of sustainability economics (Bartelmus, 2010; Baumgärtner and Quaas, 2010a, 2010b; and Söderbaum, 2011) and the capability approach (Ballet et al., 2011; Martins, 2011; Rauschmayer and Leßmann, 2011; Scerri, 2012).It was the French social theorist Michel Foucault (1926-1984) who coined the term “episteme” to refer to the “possibility of knowledge” that determines the development of thought and knowledge in a given period. For Foucault epistemes were the “buried” foundations of knowledge that his epistemic “archaeology” could unearth. In 2007, Foucault was identified as the most cited author of books in the humanities by Thomson Reuters' ISI Web of Science.This paper begins with a brief definition and description of epistemic analyses. A summary analysis of the Modern episteme and neoclassical economics is then provided and this is followed by outline evidence for the emerging episteme. Finally the opportunity is considered for the emerging episteme to reinforce and enhance sustainability economics and the capability approach.

► We provide an analysis of epistemes in European thought. ► Epistemic analysis can be a powerful new method for ecological economics. ► We summarise evidence of an emerging episteme that is supportive of ecological economics. ► The emerging episteme assists the development of sustainability economics and the capability approach.