ISBN:
9781921862052
,
192186205X
,
9781921862045
,
1921862041
Language:
English
Keywords:
Economic development Environmental aspects.
;
Nature Effect of human beings on.
;
Environmental policy
;
Natural resources
;
Environmental policy.
;
Natural resources.
;
Nature Effect of human beings on
;
Economic development Environmental aspects
;
Environmental policy
;
Natural resources
;
Nature
;
Economic development
;
Nature ; Effect of human beings on
;
Environmental policy
;
Business & Economics
;
Economic Theory
;
Natural resources
;
Economic development ; Environmental aspects
;
SCIENCE ; Life Sciences ; Ecology
;
Electronic books
Abstract:
The world has changed dramatically. We no longer live in a world relatively empty of humans and their artifacts. We now live in the "Anthropocene" era in a full world where humans are dramatically altering our ecological life-support system. Our traditional economic concepts and models were developed in an empty world. If we are to create sustainable prosperity, if we seek "improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities," we are going to need a new vision of the economy and its relationship to the rest of the world that is better adapted to the new conditions we face. We are going to need an economics that respects planetary boundaries, that recognizes the dependence of human well-being on social relations and fairness, and that recognizes that the ultimate goal is real, sustainable human well-being, not merely growth of material consumption. This new economics recognizes that the economy is embedded in a society and culture that are themselves embedded in an ecological life-support system, and that the economy cannot grow forever on this finite planet. In this report, we discuss the need to focus more directly on the goal of sustainable human well-being rather than merely GDP growth. This includes protecting and restoring nature, achieving social and intergenerational fairness (including poverty alleviation), stabilizing population, and recognizing the significant nonmarket contributions to human well-being from natural and social capital. To do this, we need to develop better measures of progress that go well beyond GDP and begin to measure human well-being and its sustainability more directly.
Abstract:
1. Rationale and objectives -- 2. What would a sustainable and desirable economy-in-society-in-nature look like? -- 3. A redesign of "the economy" recognizing its embeddedness in society and nature -- 4. Example policy reforms -- 5. Are these policies consistent and feasible? -- 6. Conclusions
Note:
Includes bibliographical references
,
English
URL:
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