Economics: looking backward ... and foward
Mainstream economics is probably one of the most outdated disciplines taught today ... and it does not centre upon improving humanity and/or planetary wellbeing. Basic questions immediately expose this - and here's just a few:
- Should houses be seen/used as 'investment vehicles'
(i.e. units/dwellings)
or a human right
(i.e. a home)?
[PPE, Philosophy, Politics, Economics]
- Is investment in 'unproductive assets' a route to
economic success, or failure?
[Macro Economics]
- Is
house price growth
a sign of economic success, or failure?
[Micro Economics]
Simple, albeit important, questions forward looking economists and young people are asking. Interesting questions, alongside additional questions, including:
Robert F. Kennedy spoke out about this over 50 years ago ... and a good starting point would be to ask:
- What's the purpose of 'economics'?
- What the economy's stated 'purpose'?
By answering such questions Purposeful Economics is created ... and an economics that starts to place human & planetary wellbeing at its heart (nb both are classed as 'externalities' in traditional economics) ... the foundations are here, e.g. GNH, Doughnut Economics, Regenerative Economics, and these will need to join together and grow (in scope & application) if we are to create a clear/purposeful economics, a thriving Purposeful Britain ... and a sustainable, flourishing, Purposeful World†.
David Clift
Purposeful Ambassador®
Co-founder, Purposeful Education
Founder, Good Turns & Purposeful Enterprises
Co-developer of Purposeful Britain and a Purposeful World
† Purposeful Government™, Purposeful Economics™, Purposeful Britain™, Purposeful Communities™, Purposeful Education™, Purposeful Council™, Purposeful Learning™, Purposeful School™, Purposeful Academy™, Purposeful College™, Purposeful University™, Purposeful Educator™, Purposeful Ambassador™, Purposeful Enterprise™, Purposeful Organizations™, Purposeful Board™, Purposeful Executive™, Purposeful Director™, Purposeful Governor™, Purposeful MP™, Purposeful Trustee™, Purposeful Partner™, Purposeful Investor™, Purposeful World™, Good Points™, Good Points System™, Good Turns™, Good Turns Foundation™ etc are all recognised/registered trademarks.
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