Economics Of A Crowded Planet

Economics Of A Crowded Planet

Author
Fraser Murison Smith
Publisher
Palgrave Macmillan
Language
English
Year
2019
Page
442
ISBN
3030317978, 9783030317973, 9783030317980
File Type
pdf
File Size
5.2 MiB

This book asks the question, how would economics look today and into the future if one started with a blank sheet of paper? Written mainly for a technical audience, yet accessible to the lay reader, Economics of a Crowded Planet addresses the ontology, epistemology and methodology of a future economics as if from outside the economy looking in. It presents a conceptual framework for a future economics drawing from systems science and hierarchy theory, integrating central concepts from present-day economics, so as to orient the field in a direction that can serve society’s future needs in practical ways.
The exposition reveals a paradigm called ‘market planetarianism’: the idea that the power of markets may be used to steer the economy toward a desired long-term goal. Both a prescriptive doctrine and an economic methodology, it treats the economy and nature as instances of complex, evolutionary systems, demanding analytical tools quiteunlike those of the 20th-century mainstream.

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