Mar 5, 2023 | Economic Concepts
What is degrowth? First and foremost, degrowth is a critique of capitalism’s pursuit of endless growth (i.e., constantly increasing industrial production for the sake of maximising capital accumulation), arguing that this has resulted in severe human...
Apr 18, 2022 | Economic Concepts
Financial climate-related risks faced by businesses. The current climate crisis’s catastrophic consequences are currently affecting populations and countries all over the world with no exception. Ranging from wildfires to extreme winter blizzards, the world is...
Feb 6, 2022 | Economic Concepts, Technology and the Environment
What is ecological economics? The word economics arises from the Greek terms ‘oikis’ and ‘nomos’ which when combined, as first done by the philosopher Xenophon, refer to the art of household management [1]. Today, much of the economics...
Jan 23, 2022 | Economic Concepts
The Doughnut Economics model was developed and explained by economist Kate Raworth in the 2012 Oxfam report ‘A safe and just space for humanity: can we live within the doughnut?’ [2]. In 2017, Raworth’s bestselling book ‘Doughnut Economics:...
Sep 12, 2021 | Economic Concepts
The Coase Theorem in Brief Imagine that a new neighbour with questionable taste moves in next door and decides to install an excessive number of garden gnomes right by your windows: this would surely negatively affect your enjoyment of the view. Economist Ronald Coase...
Jul 18, 2021 | Economic Concepts
Changing the focus from economic growth One of the main goals of nations is economic growth, due to the common belief that growth can solve the problems of our modern societies (e.g., poverty, overpopulation, environmental degradation) [5,6,7]. Economic growth entails...
