Most of the core econometric formulas and explanations in orthodox economics were a product of the carbon pulse, which is this one-time anomalous firework-like period for our society that is non-repeatable. Yet we're writing rules and laws at that moment that we're extrapolating forward in times that are not going to be valid. We need an economics that's not so growth oriented, but that is more maintenance resilience oriented.
On this episode, Nate is joined by Sustainability Science and Policy Professor Jon Erickson. He and Nate dive into Jon’s new book The Progress Illusion: Reclaiming our Future from the Fairytale of Economics, which covers the economic myths that have shaped our modern reality. How can we reshape the narrative and shift the paradigm towards different economic systems that promote human and ecological well-being over material consumption?
About Jon Erickson:
Jon Erickson is the David Blittersdorf Professor of Sustainability Science & Policy at the University of Vermont. He has published widely on energy and climate change policy, land conservation, watershed planning, environmental public health, and the theory and practice of ecological economics. He advised presidential candidate Bernie Sanders on economics and energy issues.