Biophilic Markets
Markets must be made biophilic: that is, compatible with life flourishing on Earth. To do so, we must abandon prevailing notions of market efficiency and reconceive markets as social evolutionary systems embedded in nature. Such a reconception enables us to see that constraining markets within bioph...
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Veröffentlicht in: | Daedalus (Cambridge, Mass.) Mass.), 2023-02, Vol.152 (1), p.94-99 |
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Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | Markets must be made biophilic: that is, compatible with life flourishing on Earth. To do so, we must abandon prevailing notions of market efficiency and reconceive markets as social evolutionary systems embedded in nature. Such a reconception enables us to see that constraining markets within biophysical boundaries would not result in zero-sum trade-offs with the economy, but instead would drive market evolution to new forms of prosperity. |
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ISSN: | 0011-5266 1548-6192 |
DOI: | 10.1162/daed_a_01965 |