Sustainable
Economics: Systems Thinking and the More-Than-Global Pluriverse
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ABSTRACT:
This
paper argues that since the Earth system is the organizational framework within
which we find our place, and the ultimate arbitrator of ecological, social and
economic sustainability and well-being, then any strategy that would deliver a
prosperous, functional and flourishing future must circle around the properties
of this complex system and be aware of the implications of these
characteristics for our own activities and decisions. To do otherwise would be
a strategy of doubtful value. The nature of the Earth system is then explored.
We examine the global and the local aspects of this system, in terms of many
worlds in one world, the pluriverse. The ecological, social, and economic
pluriverses are seen to be nested within one another, and are each emergent
entities that arise from the Earth system as a whole. The economies of the
biosphere are examined across individual, population, community, and ecosystem
levels, across a range of biomes, each of which is specialized in accordance
with local conditions. In terms of human economic activities, it is suggested
that regional strategies and policies are required, rather than global
approaches such as the sustainable development goals. These must be designed to
maximize ecosystem functioning and human well-being, which are themselves
required for successful net economic growth. Furthermore, human economic
activity in each region should resonate with the natural economies in that
region. Finally, this thinking is applied to the urban setting, drawing on the
work of Geddes and Magnaghi, exploring this in terms of the Earth system and
its emergent local outcomes, the ecological, social, and economic pluriverse.
Keywords:
Complex
system; Dùthchas; Earth system; Emergence; Natural economics; Non-linearity; Sub-optimality;
Territorialism