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Toward sustainable development: from neoclassical monopoly to democracy-oriented economics
Mälardalen University, School of Sustainable Development of Society and Technology. Mälardalen University, School of Business, Society and Engineering. (Ekonomi för hållbar utveckling)ORCID iD: 0000-0003-2689-819X
2019 (English)In: Real-world Economics Review, E-ISSN 1755-9472, no 87, p. 181-195Article in journal (Refereed) Published
Abstract [en]

Will mainstream neoclassical economics be helpful and enough in dealing with present unsustainable development? Or, should we try alternative schools of thought in the sense of conceptual framework and language? In this essay the latter option is chosen. It is argued that new views of individuals, organizations, markets etc. are needed. A new definition of economics is even suggested where the multidimensional nature of sustainability issues together with a democracy-oriented view of the discipline is emphasized. Assessment of investment alternaives in a democratic society is outlined as well as elements of a politics for sustainable development. Considering the seriousness of the problems faced, there is no good excuse for avoiding the more fundamental issues of paradigm and ideology with its influence on the functioning of our political economic system.

Place, publisher, year, edition, pages
Bristol, 2019. no 87, p. 181-195
Keywords [en]
neoclassical economics, institutional-ecological economics, political-economic person, ideological orientation, political-economic organization, mission, sustainable development
National Category
Social Sciences
Research subject
Industrial Economics and Organisations
Identifiers
URN: urn:nbn:se:mdh:diva-43016OAI: oai:DiVA.org:mdh-43016DiVA, id: diva2:1302164
Projects
Ekonomi för hållbar utvecklingAvailable from: 2019-04-03 Created: 2019-04-03 Last updated: 2019-06-25Bibliographically approved

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