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Kristín Vala Ragnarsdóttir and Ásgeir Brynjar Torfason bring together their interdisciplinary expertise in economics and natural sciences to rethink the unsustainable and resource-driven global economy. With an emphasis on inequalities, the authors highlight the need for a regenerative economy to achieve sustainability for the long-term wellbeing of our planet and its inhabitants.The authors present fresh insights into creating a regenerative economy to address the impact of the economy of destruction, covering ecological crises, biodiversity loss and climate change. The book draws on international cases, particularly in leadership and science, moving the discussion from abstract critique to tangible policy relevance. Chapters forge new pathways for crafting a regenerative economy that focuses on wellbeing, incorporating new leadership, and the role of women and feminist perspectives. The authors underscore the importance of how integrating planetary boundaries into economic policy is critical for economists and policy analysts to assess trade-offs and sustainability solutions in the current world crisis.The Elgar Companion to Creating a Regenerative Economy for Wellbeing is a crucial resource for students and scholars of sustainability, environmental economics, development studies and business and management. Policymakers, advocacy groups and international institutions will also benefit from the book’s new thinking on the sustainable economy and actionable policy insights.
Kristín Vala Ragnarsdóttir, Professor Emerita of Earth- and Sustainability Sciences, Institute of Earth Sciences, University of Iceland and Ásgeir Brynjar Torfason, The Reykjavík Institute for Independent Researchers, Iceland and Editor-in-Chief, Vísbending an Economics Weekly Journal
ContentsPreface PART I HISTORIC OVERVIEW1 Current state of the world 2 Historical rucksack 3 Neoliberal story PART II NEW THINKING4 Reinterpretation of history 5 Understanding limits 6 Building blocks of the new economy 7 Equality PART III WAY FORWARD8 New leadership 9 Regenerative economy for wellbeing 10 Future vision Glossary References
’A bold and timely blueprint for reimagining economics within the boundaries of our living planet. Ragnarsdóttir and Torfason weave history, policy, science, and hope into a powerful call for a regenerative economy that puts the wellbeing of humans and the rest of nature at its heart.’