Doctoral researcher Peter McManners has had his paper ‘Reframing Economic Policy Towards Sustainability’ published in the International Journal of Green Economics. This reports conceptual research at the interface between macroeconomic and environmental policy, applying the concepts of sustainability and resilience. A key observation is that the dialogue about sustainability over recent decades has failed to reduce the threat that human activities pose to the global ecosystem.
Peter proposes that the time has come to question deep-rooted assumptions, including the role of economics. In this paper, priorities are re-examined and principles developed to be able to build a sustainable economy. It is argued that sustainability economics is subservient to society’s higher objectives and is about control and balance, rather than laissez-faire free markets. A new definition and conceptual model for sustainability is proposed that is closer to reality than the traditional models having cornerstones of ‘culture’, ‘land’, ‘population’ and ‘energy’. Using this model allows economic policy to be repositioned in support of the needs of society and compliant with effective stewardship of the ecosystem to deliver a resilient economy operating within planetary limits.
Peter McManners is a doctoral researcher in his third year supervised by Emily Boyd and Steve Musson.
McManners, P.J. (2014) Reframing Economic Policy Towards Sustainability, International Journal of Green Economics, Vol. 8, Nos. 3/4, pp 288-305.