By Tim Thornton Much economic activity is currently characterized by a linear process of ‘make-take-waste’, in which finite resources are extracted to make products that are used—often not to their full potential—and then thrown away. For example, between 2018-2023, the world consumed over 500 gigatons of materials, equivalent to 28 percent of all the materials […]
By Pratistha Joshi Rajkarnikar The Economics in Context Initiative (ECI) has developed a series of teaching modules on various environmental and social issues in economics with the goal of advancing the teaching of economics to make it more relevant to understand real-world issues. These modules are grounded in reliable analysis of the world and the […]
By Tim Thornton A well-being economy is orientated around promoting human well-being and ecological balance rather than focusing on ever increasing economic growth. Encouragingly, the idea of the well-being economy has transitioned from academic and community discussion to something that is being operationalized by governments. The concept of the well-being economy is being translated into […]