{"title":"Exploring alternative economic pathways: a comparison of foundational economy and Doughnut economics","authors":"Madeleine Wahlund, Teis Hansen","doi":"10.1080/15487733.2022.2030280","DOIUrl":null,"url":null,"abstract":"Abstract A number of intersecting crises are currently ongoing at multiple scales, including increasing inequality, environmental degradation, and climate destabilization, as well as new surges of populism and mounting public health threats. These emergencies question our economic model of past decades and provoke a rethinking of the general approach to economic policy from a multi-scalar perspective. In this article, we compare two approaches aiming to rethink economic development policy: foundational economy and Doughnut economics, and consider if and how they complement each other. We conclude that the two approaches are potentially complementary, most prominently in their call for high-income countries to refocus from growth per se to purpose-driven economic strategies that prioritize public services and redistribute incomes. However, they differ in respect to their geographical focus, environmental concerns, and application. To properly address tradeoffs between social needs and environmental effects, foundational scholarship would benefit from deeper engagement with the socioenvironmental perspective presented in Doughnut economics, which stresses the need to consider human-nature interlinkages. In sum, combining different aspects of the two approaches promises to provide a more robust response to contemporary challenges, especially for local policy making.","PeriodicalId":35192,"journal":{"name":"Sustainability: Science, Practice, and Policy","volume":"1998 1","pages":"171 - 186"},"PeriodicalIF":3.6000,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"8","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Sustainability: Science, Practice, and Policy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/15487733.2022.2030280","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ENVIRONMENTAL STUDIES","Score":null,"Total":0}
引用次数: 8
Abstract
Abstract A number of intersecting crises are currently ongoing at multiple scales, including increasing inequality, environmental degradation, and climate destabilization, as well as new surges of populism and mounting public health threats. These emergencies question our economic model of past decades and provoke a rethinking of the general approach to economic policy from a multi-scalar perspective. In this article, we compare two approaches aiming to rethink economic development policy: foundational economy and Doughnut economics, and consider if and how they complement each other. We conclude that the two approaches are potentially complementary, most prominently in their call for high-income countries to refocus from growth per se to purpose-driven economic strategies that prioritize public services and redistribute incomes. However, they differ in respect to their geographical focus, environmental concerns, and application. To properly address tradeoffs between social needs and environmental effects, foundational scholarship would benefit from deeper engagement with the socioenvironmental perspective presented in Doughnut economics, which stresses the need to consider human-nature interlinkages. In sum, combining different aspects of the two approaches promises to provide a more robust response to contemporary challenges, especially for local policy making.
期刊介绍:
Sustainability: Science, Practice and Policy is a refereed, open-access journal which recognizes that climate change and other socio-environmental challenges require significant transformation of existing systems of consumption and production. Complex and diverse arrays of societal factors and institutions will in coming decades need to reconfigure agro-food systems, implement renewable energy sources, and reinvent housing, modes of mobility, and lifestyles for the current century and beyond. These innovations will need to be formulated in ways that enhance global equity, reduce unequal access to resources, and enable all people on the planet to lead flourishing lives within biophysical constraints. The journal seeks to advance scientific and political perspectives and to cultivate transdisciplinary discussions involving researchers, policy makers, civic entrepreneurs, and others. The ultimate objective is to encourage the design and deployment of both local experiments and system innovations that contribute to a more sustainable future by empowering individuals and organizations and facilitating processes of social learning.