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A New Economics for Sustainable Development
Mälardalen University, School of Sustainable Development of Society and Technology. (Ekonomi för hållbar utveckling)ORCID iD: 0000-0003-2689-819X
2019 (English)In: Future for Youth Employment: New Changes to Approaches to Business / [ed] Eva Kras, Köehler Books , 2019, p. 17-38Chapter in book (Other academic)
Abstract [en]

Mainstream neoclassical economics may have a role also in relation to present challenges such as sustainable development but it should at the ame time be recognized that development has been unsustainable in a period where neoclassical economics has been dominant. In the present situation we need also consider alternatives to neoclassical theory such as institutional economics. We may even need to consider alternative definitions of economics. Economics can be defined as multidimensional management of limited resources in a democratic society. Neoclassical economics is specific in value and ideological terms being close to neoliberalism. But in a democratic society actors conneccted with university departments of economics need also consider alternative ideological orientations such as those connected with United Nations 17 Sustainable Development Goals. With a new definition of economics concepts such as cost and benefit need to be reconsidered. Similarly simplistic international trade theory has to be examined for example the claimed advantages of so called free trade

Place, publisher, year, edition, pages
Köehler Books , 2019. p. 17-38
National Category
Social Sciences
Research subject
Industrial Economics and Organisations
Identifiers
URN: urn:nbn:se:mdh:diva-43272ISBN: 978-1-63393-696-6 (print)OAI: oai:DiVA.org:mdh-43272DiVA, id: diva2:1307886
Note

Denna publikation i form av bokkapitel har sitt ursprung i en tidigare DiVA rapporterad artikel "Do we need a new economics for sustainable development?" i Real-world economics review , issue no. 80, sidorna 32-44. Titeln och en del detaljer har ändrats av redaktören för boken.

Available from: 2019-04-29 Created: 2019-04-29 Last updated: 2019-06-25Bibliographically approved

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CiteExportLink to record
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  • apa
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  • en-US
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  • nn-NB
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Output format
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