Great summary of how various economic theories can contribute to better #climate #modeling by J.Christopher Proctor.
#openaccess https://link.springer.com/article/10.1007/s43253-023-00098-7
His Twitter thread can be found here: https://twitter.com/Jcproctor29/status/1661404488735895552?s=20
#PostKeynesian
#EvolutionaryEconomics
#FeministEconomics
#EcologicalEconomics
#MarxianEconomics
#InstitutionalEconomics
#CooperativeEconomics
#BehavioralEconomics
#climate #modeling #openaccess #postkeynesian #evolutionaryeconomics #feministeconomics #ecologicaleconomics #marxianeconomics #institutionaleconomics #cooperativeeconomics #behavioraleconomics
Herman Daly – an economist sidelined by his peers & profession was one of the earliest holistic economists ever born!
Daly’s Genuine Progress Indicator is a broader indicator that if applied to events since the end of the 1970’s, shows no progress at all
Why does this matter? Because GDP is still the indicator of choice, & because asset managers, banks & fossil fuels effectively run our world
#ecological #economics #evolutionaryeconomics