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Economics Like a Living: A Bio-Ecological Model for the 21st Century
Abstract
An introductory SWOT-analysis of economic growth by neoliberalist economics concludes that within a few decennia the success of neoliberalism has turned upside-down with more severe threats to humanity whereof that of the greenhouse effect has top-priority. The bioecological approach—approaching economics as an encapsulated discipline between ecology and brain science—identifies a Pigovian carbon emission tax (CET) as most effective towards the top-priority threat to humanity that of the green-house effect. However, in the short-term, the democratic center coalitions are too weak to implement CET, due asymmetric levels of economic knowledge between the profession of economists and the public. An accelerated public dissemination of bioecological economics is crucial to provide the option of political implementation of CET.
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