Reframing economics

Andrew Revkin looks at how some young people want to reframe economic debate. Here’s how one puts it:

The dominant narrative says that environmental restraint must be limited and gradual while social spending must be contained otherwise the economy will not grow and we will all suffer. This kind of thinking is pervasive dangerous, and outdated. Infinite growth in a finite world is impossible, growth based on speculative finance is unstable, and since the 1960’s, GDP growth and self-reported well-being have been completely uncorrelated phenomena. In this sense holistic, deep-reaching change of both thought, education and practice is needed. Indeed, we were brought together by an increasing realization that our global economic troubles aren’t just a few bad apples; the problem is indeed the apple tree.

Hat tip: Harold Jarche

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