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What this breaks down to is that not everything that is valued can be expressed in hard currency. The idea that hard currency is a universal lingua franca is d
by clavalle 8y ago
What this breaks down to is that not everything that is valued can be expressed in hard currency.
The idea that hard currency is a universal lingua franca is deeply flawed and you've hit on a very good example of one area that is starkly apparent.
- deleted 8y ago[deleted]
- dv_dt 8y agoOne thought is that we can value a wide range of social and environmental qualities using quantitative monetary models. It's imperfect, but our system doesn't even go as far as explicitly attempting to do that on a systematic basis. There are a lot of people doing work in this area under all sorts of different terms, but trying to tie in those missing qualities. Terms that might yield interesting reading are: loop economy, circular economy, doughnut economics, sustainable economics (though that seems to be slowly fading as a term..) https://evonomics.com/ https://evonomics.com/ is not a bad place to read to at least start getting some introductions to some of the people trying to push a rebuilding of our basic economic suppositions.
- breatheoften 8y agoThese are interesting terms and ideas that I have never encountered before. Thank you!
- rapnie 8y agoYes! I like Doughnut Economics by Kate Raworth. She is also doing real well inspiring government officials with her ideas and visions.