Economics for Sustainability Sustainability: Meeting the needs of the present without diminishing opportunities for the future

Economic Worldview: We only need to get the prices right!

Ecological Worldview The Hierarchy of Sustainability Nature Society Economy Internalizing “externalities” does not address values that are intrinsic “non-economic,” meaning purely social and ecological values, thus leaving nature and society vulnerable to economic exploitation.

It takes getting the principles right! Ecological Principles: holism, diversity, interdependence Social Principles: trust, kindness, courage Economic Principles: scarcity, efficiency, sovereignty

Everything isn’t a matter of economics. Economic value: Individual, Instrumental, Impersonal Social Value: Interpersonal, Instrumental, Personal Ethical Value: Communal, Non-instrumental, Impersonal

Hierarchy of Intentionality Ethical Social Economic Internalizing “externalities” does not address values that are intrinsic “non-economic,” meaning purely social and ecological values, thus leaving nature and society vulnerable to economic exploitation.

Hierarchy of Economic Sustainability is Hierarchy of Human Happiness Ethical, Social, Economic … Sustainable