Economy for the common good: Redesigning economics based on ecology May 7, 2017
Posted by OromianEconomist in Economics, Environment.Tags: Decolonizing Development, Development, Ecology, economics, economics of happiness, Redesigning economics based on ecology
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As human beings, we are in our very nature compassionate and collaborative, but our current monetary and economic systems are based on the narrative of separation that creates and encourages competition. For too long, we have told a story about nature ‘red in tooth and claw’ and excused the worst of human behaviour as natural. Scarcity is primarily a mindset and lack of collaboration not a biophysical reality! Competition creates scarcity, which in turn is used to justify competitive behaviour (a vicious circle).
The natural limits of bioproductivity and healthy ecosystems functions don’t create scarcity as such. Collaboration can turn these natural planetary limits into enabling constraints to create abundance for all within healthy ecosystems and a healthy biosphere. Collaboration creates shared abundance, which in turn invites more collaboration (a virtuous circle). We choose which world we want to bring forth together! – Dr. Daniel Christian Wahl
Click here to read the full article at Redesigning economics based on ecology
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Seven ways to think like a 21st century economist https://www.opendemocracy.net/transformation/kate-raworth/seven-ways-to-think-like-21st-century-economist