By Eric Kemp-Benedict This upper-level module presents the study of “green macroeconomics,” viewing the economy as embedded in society, which is embedded in the environment. The module takes a pluralist approach, contrasting neoclassical, post-Keynesian and classical theory, but uses classical models for illustration. Topics include climate mitigation and adaptation, renewable resources, and energy return on […]
By Neva Goodwin Decades ago, with the book Small is Beautiful, E. F. Schumacher popularized the idea of localization. He proposed that emphasizing local relationships in economic transactions between producers and consumers, workers and employers, can strengthen communities, creating both economic and social well-being. Over recent decades, Schumacher’s general idea has often been considered foundational […]
By Ellie Hu With the goal of offering transformative visions for global ecological governance, Neva Goodwin, Distinguished Fellow at Boston University Economics in Context Initiative (ECI), was invited to give a talk in August 2022 on her years of experience developing the theory and application of economics to account for the social and environmental contexts […]