Wellbeing economics : how and why economics needs to change / Nicky Pouw.

Format:

Book

Author/Creator:

Pouw, Nicky, author.

Standardized Title:

Welzijnseconomie. Engllish

Language:

Dutch

English

Subjects (All):

Well-being--Economic aspects.

Well-being.

Economics.

Physical Description:

171 pages : illustrations ; 21 cm

Place of Publication:

Amsterdam : Amsterdam University Press, [2020]

Summary:

Amidst rising global inequality, migration, climate change, health pandemics, and deepening poverty, it is time to redirect our economy towards more sustainable and socially just processes and outcomes. In Wellbeing Economics Nicky Pouw puts forward a new framework that places human wellbeing at the centre, instead of economic growth. She postulates ten reasons why economics should change to remain a relevant discipline and develops a Wellbeing Economic Matrix (WEM) to implement this approach. In doing so, it is one of the first economics books that 'rethinks the economy' from head to tail.

Contents:

Machine generated contents note: 1. Introduction

2. Economics (really) needs to change

3. A focus on wellbeing

Wellbeing versus welfare

The three dimensions of wellbeing

Economic choices from a wellbeing perspective

4. What is economics?

i. The economy as an institutionalized allocation process

ii. The economy is open to influences from the `outside'

iii. The economy is structured and layered

iv. The economy is connected by internal relations

v. The economy is characterized by emergent properties

5. The Wellbeing Economics Matrix (WEM)

6. Implications for methodology

A place for post-positivism in economics

George Akerlof and information asymmetry

Thomas Piketty and growing inequality

Room for alternatives

Objective and subjective values

Economic choices are complex

Analysing intersections and interconnectedness in an inter-layered matrix

How to handle emergent and evolving properties

7. A focus on inequality

Growing inequality

Inequality as an important economic measure

Analysing inequality in the WEM

Associative thinking

8. A sustainable economy

Nine planetary boundaries

The recycling economy and the circular economy

The doughnut economy

Natural resource discounting

9. New indicators

Broader economic indicators and measures

10. Looking ahead.

Notes:

Also published as: Welzijnseconomie: hoe en waarom de economie moet veranderen.

Includes bibliographical references and index.

ISBN:

9463723854

9789463723855

OCLC:

1197569729