Exploring the Shift Between Different Forms of Human Relations

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The speaker starts class by asking students about the economy they were raised in, pointing out that they were actually raised in a reciprocity-based economy. They suggest that instead of relying solely on the market to solve global issues like climate change, we should also consider reciprocity and gifting. They argue that we should see what we receive from nature as a gift and feel morally obligated to reciprocate. The speaker also mentions the importance of cooperation in human evolution and references Eleanor Ostrom's principles for successful management of the commons. They believe that cooperation is still vital in the core economy and should be the basis for solving current challenges. The speaker appreciates the connection between the start and finish and highlights that different forms of relations exist within markets, households, and commons.

On this Reality Roundtable, Nate is joined by Jon Erickson, Josh Farley, Steve Keen, and Kate Raworth - all of whom are leading thinkers and educators in the field of heterodox economics. In this lively discussion, each guest begins by sharing one fundamental aspect of what conventional economics gets wrong and how it could be improved in our education system. What basic assumptions about humans have led to a misunderstanding of the average person’s decision-making? What areas has economics turned a blindspot to as the foundation of our economic systems? Who is finding the models and systems that economists have created useful - and how does economics as a discipline need to change in the face of a lower energy future? In short, what we teach our 18-22 year olds around the world matters - a great deal.

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.

About Josh Farley

Joshua Farley is an ecological economist and Professor in Community Development & Applied Economics and Public Administration at the University of Vermont. He is the President of the International Society for Ecological Economics.

About Steve Keen

Steve Keen is an economist, author of Debunking Economics and The New Economics: A Manifesto. He is a Research Fellow at the Institute for Strategy, Resilience, and Security at University College in London.

About Kate Raworth

Kate Raworth describes herself as a renegade economist focused on making economics fit for 21st century realities. She is the creator of the Doughnut of social and planetary boundaries, and co-founder of Doughnut Economics Action Lab, based on her best-selling book Doughnut Economics: 7 Ways to Think Like a 21st Century Economist. Kate is a Senior Associate at Oxford University’s Environmental Change Institute, where she teaches on the Masters in Environmental Change and Management. She is also Professor of Practice at Amsterdam University of Applied Sciences. She is a member of the Club of Rome and currently serves on the World Health Organisation Council on the Economics of Health for All.

For Show Notes and More visit: https://www.thegreatsimplification.com/episode/rr03-erickson-farley-raworth-keen

To watch this video episode on YouTube: https://youtu.be/EC11UQD9q3w