New economic and moral foundations for the Anthropocene
The biosphere and econosphere are deeply interlinked and both are in crisis. Industrial, fossil-fuel based capitalism delivered major increases in living standards from the mid-18th through late-20th centuries, but at the cost of widespread ecosystem destruction, planetary climate change, and a variety of economic injustices. Furthermore, over the past 40 years, the gains of growth have flowed almost exclusively to the top 10%, fuelling populist anger across many countries, endangering both democracy and global action on climate change.
This talk will argue that underlying the current dominant model of capitalism are a set of theories and ideologies that are outdated, unscientific, and morally unsound. New foundations can be built from modern understandings of human behaviour, complex systems science, and broad moral principles. By changing the ideologies, narratives, and memes that govern our economic system, we can create the political space required for the policies and actions required to rapidly transform to a sustainable and just economic system.
Date: 20 June 2019, 17:00
Venue: Corner of Catte and Holywell Streets
Speaker: Prof Eric Beinhocker (INET Oxford Executive Director)
Organising department: Oxford Martin School
Organiser: Oxford Martin School (University of Oxford)
Organiser contact email address: events@oxfordmartin.ox.ac.uk
Host: Oxford Martin School (University of Oxford)
Part of: Oxford Martin School Lecture Series: Evolving economic thought
Topics:
Booking required?: Required
Booking url: https://www.oxfordmartin.ox.ac.uk/event/2742
Booking email: events@oxfordmartin.ox.ac.uk
Cost: Free
Audience: Public
Editor: Hannah Mitchell