Economics and the Commons: Reform vs Revolution

I’ve no desire to make strong claims about what is achieved by serving mince pies to neighbours and strangers, but I will say that, from these humble, stumbling experiments in convivial economics, I am learning things that I would not have caught sight of, had I tried to do all my thinking through books and screens and the kind of conversations that come with footnotes

In a “wellbeing economy”, government policies, business activities, and citizens’ behaviour are aimed at meeting our physical, social, and spiritual needs within planetary boundaries. It doesn’t mean we’re anti-growth; we’re just more selective about it.

Economists in the mainstream have typically looked down on the heretical ideas of these ecological economists and promoted a solution that leaves their core theories as little changed as possible: externalities.