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Economics for Sustainability
Sustainability: Meeting the needs of the present without diminishing opportunities for the future
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Economic Worldview: We only need to get the prices right!
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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.
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It takes getting the principles right!
Ecological Principles: holism, diversity, interdependence Social Principles: trust, kindness, courage Economic Principles: scarcity, efficiency, sovereignty
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Everything isn’t a matter of economics.
Economic value: Individual, Instrumental, Impersonal Social Value: Interpersonal, Instrumental, Personal Ethical Value: Communal, Non-instrumental, Impersonal
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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.
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Hierarchy of Economic Sustainability is Hierarchy of Human Happiness
Ethical, Social, Economic … Sustainable
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