Research
Exploring complementarity
of Socio-economic, Postgrowth and Ecological Economic theory in order to foster coherent, sustainable and socially inclusive economic alternatives.
This thesis seeks to rigorously explore the alternative forms of economic organization that may be viable under the starting premise of a doubly embedded economy, in which economic activity is guided by the overarching principles of both social equity and ecological health and sustainability. Given that the fragmented policy areas and goals of economic and ecological health and function tend to diverge from one another and currently require starkly means conflicting to be attained, it has become critical that these structural frictions be addressed to avoid approaching and further overstepping of relevant tipping points. Kate Raworth provides a solid starting point to this end, in her proposition of a Doughnut Economy which rearranges the design of economic systems to work towards common goals through coherent, mutually reinforcing means. “The challenge now is to create economies – local to global – that help to bring all of humanity into the Doughnut’s safe and just space” (Raworth, 2017, p. 62). Using this as a basis I consider various economic perspectives and proposals and examine their compatibility with this goal of double embeddedness, such as some of those put forth in Ecological Economics, Socio-economic and Postgrowth approaches. Reconciling these schools or the thematic areas they share and highlighting either their differences or similarities may serve to strengthen the general conviction in favour of making decisive incremental changes in the interests of equity and sustainability, or assist in identifying and perhaps adopting a new path.