Economics: The Sound of Aunt Edna’s Knitting

As today’s economics of imaginary wealth comes apart under the stress of peak oil, talk about a “new economy” misses the point. What’s needed — and can be built, starting with actions on a personal scale — is an old economy, in which money exchanges play a much smaller role.

The good news is local (interview)

Jason Bradford is a PhD evolutionary biologist who studied the effects of climate change on cloud forests in the Andes under the auspices of the Missouri Botanical Garden and other institutions. But in 2004 he switched his focus from study to action by initiating a remarkable community organizing effort in his new home town of Willits, California, called Willits Economic LocaLization (WELL).