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
1. Verfasser: Beinhocker, Eric D.
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.
ISSN:0011-5266
1548-6192
DOI:10.1162/daed_a_01965