The Great Simplification with Nate Hagens cover image

Kate Raworth: "The Superorganism V. The Doughnut"

The Great Simplification with Nate Hagens

NOTE

The Embedded Economy and its Components

The economy is embedded in society and the living world, being a subsystem and dependent upon it./nThe economy consists not only of the market and the state, but also includes the household, commons, and Austro-space./nEconomic activity must adhere to planetary boundaries and utilize various forms of provisioning./nIt is important to consider the portrayal of humanity in economic models, as it influences behavior and values./nStudents tend to mimic the rational economic man depicted in traditional models, prioritizing competition and self-interest over altruism and collaboration.

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