A Planetary Economy - Murison Smith, Fraser
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This book asks, how would a stable, prosperous economy of the future look if one started with a blank sheet of paper? Given that the world's economy is locked into a coevolution with nature, the urgency of this question is brought into stark relief by the 2020 coronavirus pandemic and ongoing climate change.
While physical technologies to build such an economy mostly exist, the social technologies, in the form of institutions, governance and policies, do not. The development of these social technologies will necessitate a reconsideration of economic norms: in particular, what is the economy
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Produktbeschreibung
This book asks, how would a stable, prosperous economy of the future look if one started with a blank sheet of paper? Given that the world's economy is locked into a coevolution with nature, the urgency of this question is brought into stark relief by the 2020 coronavirus pandemic and ongoing climate change.

While physical technologies to build such an economy mostly exist, the social technologies, in the form of institutions, governance and policies, do not. The development of these social technologies will necessitate a reconsideration of economic norms: in particular, what is the economy for, and what are we, as actors within it, striving for? This book integrates normative, institutional, political and economic requirements into a systematic framework to drive our present growth economy toward a future planetarian one. It outlines a suite of interrelated policies to increase the economy's material efficiency, establish a basic living standard, and reform the money system, while along the way eliminating economic debt and balancing government budgets.

The framework and policies together form a paradigm of market planetarianism: the idea that the power of markets may be used to steer the economy toward a desired long-term goal. The methodological aspects of this paradigm are covered in the companion volume, Economics of a Crowded Planet.

Autorenporträt
Fraser Murison Smith is an energy specialist in public utilities, formerly an information systems consultant and award-winning cleantech entrepreneur. After completing a PhD in theoretical ecology at Oxford University, he was a postdoctoral fellow at Stanford University in ecological economics. He has published papers on fisheries, biodiversity and economic development, as well as two books, Environmental Sustainability: Practical Global Implications (1997) and Economics of a Crowded Planet (2019). Murison Smith and his wife, a healthcare technology leader, share their home in Northern California with two wonderful children and a canoe and tent on standby for spontaneous forays into the surrounding mountains, rivers and lakes.

Inhaltsangabe
Part I. An Economy on a Crowded Planet

1. The Economy's Coevolution with Nature

2. Economic Worldviews: Modernity and its Alternatives

Part II. Requirements for a Planetary Economy

3. Normative Requirements

4. Institutional Challenges and Legal Institutions

5. Political Institutions

6. Corporate and Financial Institutions
7. Policy Development

8. Requirements for Economic Policies

9. Requirements for Accounting Standards and Practices

10. Money and Finance in a Planetary Economy

11. Monetary and Financial Requirements

12. Economic Controls 1: Principles and Requirements

13. Economic Controls 2: Currency and Fees

14. Economic Controls 3: Taxation

15. Economic Controls 4: Subsidies, Incentives and Market Instruments

Part III. How Will We Get There?

16. Pathway Toward a Planetary Economy

17. A Manifesto for Market Planetarianism

18. A Planetarian Society