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Requirements for a Future Economics

  • Fraser Murison Smith
Chapter

Abstract

Bringing the preceding chapters together, this chapter articulates requirements for a future economics in the service of a materially stable, prosperous society. The prevailing Cartesian mindset of the twentieth-century orthodoxy must give way to a participatory perspective. Seeing the purpose of the economy as self-preservation through the regeneration of natural capacity implies the existence of certain social norms in relation to nature and the economy’s place within it. Normative requirements for economics inform a collection of core concepts for a future economics, which in turn suggest ways economists would interact with other sciences, communicate their discoveries to policymakers and the public, and educate the next generation.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Fraser Murison Smith
    • 1
  1. 1.San RafaelUSA

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