The common idea today is that economic progress will inevitably cause environmental issues. However it is possible to have environmentally conscious as well as economically beneficial decisions when people have to pay for environmental damage that they incur. I do think that economics have caused a disconnect with the natural world because money is what everyone needs to live and it is not always the most economically cheapest decision to go with what is environmentally beneficial. It may sometimes be hard to choose between the values that your religion taught you and making more money. Another example would be Hinduism in India. To Hindus, everything in nature has a divine presence and should be treated as such. However, India is one of the most rapidly growing countries in the world and has an economy that is booming. They have many practices that are damaging the planet in order to get ahead financially.
I feel that economic well being is important to a point but then it becomes excessive. Everyone should have a basic standard of living but people do not need to replace their new phone every three months. There is a standard of living that needs to be met by everyone or else they will be more worried about surviving than the health of the planet. But if people cared less about materialistic things and more about the environment, I believe we would see an extremely positive impact.