The Need to Reset Economic Goals
Learning activity
Key Takeaways
We learned how the discord between the goals of our current economic paradigm and the requirements for a sustainable future must be reconciled if planetary and societal wellbeing is to be safeguarded.
Given that the sheer scale of human activity, driven by our current economic paradigm, is adversely affecting the planet, it is imperative that humanity’s economic goals be reframed to place commensurate importance on societal and planetary wellbeing, alongside economic growth.
The undertaking of any economic endeavour must be planned and executed within planetary boundaries, while accounting for equitable resource distribution, instead of on the presumption of endless resources and zero downstream repercussions.
Further Readings
- Robert Costanza (2010)What is ecological economics?Yale Insights
- UNDP (2020)The next frontier: Human development and the AnthropoceneHuman Development Report 2020
- Marlowe Hood (2023)Welcome to the Anthropocene, Earth's new chapterPhys.org
- Robert Costanza et al. (2012)Building a Sustainable and Desirable Economy in Society in NatureUnited Nations Division for Sustainable Development