Growth for the sake of growth is the ideology of the cancer cell.
-- author unknown
The book is Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist, by Kate Raworth, and if this essay is any indication, I need to read it soon.
On second thought, it just might put a few academicians and One Southern Indiana functionaries out of work.
As such, it needs to be read even faster.
Old economics is based on false ‘laws of physics’ – new economics can save us, by Kate Raworth (The Guardian)
It is time to ditch the belief that economies obey rigid mechanical rules, which has widened inequality and polluted our planet. Economics is evolving
... So if the economy is not best thought of as a mechanism that returns to equilibrium and follows fixed laws of motion, how should we think of it? Like the living world: it’s complex, dynamic and ever-evolving. And for economists, that means it’s time for a metaphorical career change: from engineer to gardener. Let’s take off the hard hat and give up on reaching for the economy’s control levers because they simply don’t exist. Instead, put on some gardening gloves, pick up a pair of secateurs, and start to steward the economic garden. And if you think that sounds laissez faire, then you’ve never done a hard day’s work in the garden: it calls for getting stuck in, digging, pruning, weeding and watering the plants as they grow and mature.
How can economic gardeners help to create a thriving economy, one that is inclusive and sustainable and will help to achieve the sustainable development goals? By following two core principles: make it regenerative and distributive by design.
1 comment:
On of my most favorite movies.
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