By Brian Roach, Pratistha Joshi Rajkarnikar, Neva Goodwin and Jonathan M. Harris This module, based on Chapter 10 of Microeconomics in Context, 5th edition, provides an overview of some of the key issues on economic and social inequality, looking beyond income measures to explore inequalities based on education, health care and discrimination in the labor market. […]
By Jonathan M. Harris, Brian Roach, Pratistha Joshi Rajkarnikar and Neva Goodwin This module, based on Chapter 17 of Macroeconomics in Context, discusses the future of economic growth in an era of ecological limits. It includes analysis of population growth, resources and pollution, and the climate crisis. Policies for a transition to sustainability and a “green” […]
By Pratistha Rajkarnikar, Neva Goodwin and Brian Roach This module, drawn from the fifth chapter of Macroeconomics in Context, presents an overview of innovations in national accounting related to measuring well-being. The module describes satellite accounts for the environment, methods of counting household production and the construction of well-being indicators such as the Genuine Progress Indicator, […]
By Brian Roach, Neva Goodwin and Julie A. Nelson This module presents material drawn from Chapter 8 of Microeconomics in Context, 5th edition, to explore the various motivations behind consumer behavior. The historical development of the “consumer society” is summarized, including a discussion of the institutions underlying mass consumerism. The relationship between consumption and well-being is surveyed, […]
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 […]