Chapter 20 Resilient Economics

DOI: 10.4324/9781003386629-23

Resilient economics and sustainability need to fit hand-in-glove together.

Modern economics is based on theory and rules-of-thumb which have developed over many decades. The focus is on efficiency and success measured by growth. Modern economics has delivered what was asked of it: an efficient and growing global economy. The problem, only now being acknowledged, is that this is not sustainable over the long-term. Economics is in the frame to be reconfigured, focused on sustainability, with success measured by long-term stability. This is not only financial stability but also the cohesion of the society and the health of the ecosystem.

Accepting the superiority of sustainability ...

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