Wikipedia: Schumacher argues that the modern economy is unsustainable. Natural resources (like fossil fuels), are treated as expendable income, when in fact they should be treated as capital, since they are not renewable, and thus subject to eventual depletion. He further argues that nature's resistance to pollution is limited as well. He concludes that government effort must be concentrated on sustainable development, because relatively minor improvements, for example, technology transfer to Third World countries, will not solve the underlying problem of an unsustainable economy.

Schumacher's philosophy is one of "enoughness", appreciating both human needs and limitations, and appropriate use of technology. It grew out of his study of village-based economics, which he later termed Buddhist economics, which is the subject of the book's fourth chapter.

He faults conventional economic thinking for failing to consider the most appropriate scale for an activity, blasts notions that "growth is good", and that "bigger is better", and questions the appropriateness of using mass production in developing countries, promoting instead "production by the masses". Schumacher was one of the first economists to question the appropriateness of using gross national product to measure human well-being, emphasizing that "the aim ought to be to obtain the maximum amount of well being with the minimum amount of consumption". In the epilogue he emphasizes the need for the "philosophy of materialism" to take second place to ideals such as justice, harmony, beauty, and health.

Tag: Sustainability; Eco-nomics; Future-Focus; QualityofLife

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A Visible and Invisible Hand of Eco-nomics

http://marginalrevolution.com/marginalrevolution/2014/05/the-invisible-hand-of-eco-nomics.html

A Price Tag on Carbon as a Climate Rescue Plan

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Eco-nomics: Are the Planet-Unfriendly Features of Capitalism Barriers to Sustainability? Abstract:

This paper argues that there are essential features of capitalist modes of production, consumption, and waste dispersal in interaction with the environment and its built-in systemic features that contradict long-term sustainable development.

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The Rise Of ECO-nomics: From Ego to ECO

- How to improve future competitiveness and the environment by changing the corporate consciousness

http://studenttheses.cbs.dk/bitstream/handle/10417/2751/troels_m_kranker.pdf?sequence=1

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ECO:nomics: Capitalism and the Environment - A Wall Street Journal perspective - http://economics.wsj.com/

"Fiduciary responsibility speaks of quarterly returns; survivability speaks to long-range vision and strategies"

March 2015 -- Wall Street Journal forum to explore "opportunities — and pressing risks — emerging around the world in businesses impacted by the environment."

"Through on-stage interviews with leading figures and interactive sessions with peers in diverse industries, participants at ECO:nomics 2015 debated, discussed and got the inside story on essential issues: investing in innovation, disrupting current business models, the new meaning of sustainability and the future of the environmental movement, where energy policy is heading, and much, much more."

Click here to view the 2015 WSJ ECO:nomics report.

Videos from ECO:nomics forum:

Does Clean Power Plan Threaten Grid?

Computers Will Optimize the Power Grid

EPA Admin. Says Carbon Regulation is Constitutional

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Overview: History of Ideas, "Schools of Eco-nomics"

from the text

http://www.springer.com/us/book/9781402069659

http://down.cenet.org.cn/upfile/8/2008103018298186.pdf

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'Ecological Economics': An emerging paradigm

Sustainable economies, a new interdisciplinary framework that embraces the linkages among economic growth, environmental degradation, and social inequity.

https://en.wikipedia.org/wiki/Herman_Daly

http://islandpress.org/herman-e-daly

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Further Reading

Center for Economic and Policy Research, Washington DC

https://en.wikipedia.org/wiki/Center_for_Economic_and_Policy_Research

http://cepr.net/about-us/board

Center for Popular Economics, Amherst, MA

http://www.populareconomics.org/

Dollars & Sense, Somerville, MA

https://en.wikipedia.org/wiki/Dollars_%26_Sense

Global Development and Environment Institute, Tufts University

https://en.wikipedia.org/wiki/Global_Development_and_Environment_Institute

http://ase.tufts.edu/gdae/

Political Economy Research Institute, UMass, Amherst

https://en.wikipedia.org/wiki/Political_Economy_Research_Institute

Progressive Economics Think Tanks

http://www.economicsforeveryone.ca/files/uploads/Progressive_Economics_Organizations.pdf

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SJS / Siterunner: Again, looking back to the Graduate Faculty of the New School in New York, it would be appropriate to look at the political economic writing of one of my professors, David M Gordon, who passed away at a young age in 1996. As David spoke of long-term economics and coined the phrase “social structure of accumulation” (SSA) that augers the need to consider multi-generation impacts of economic activity. Let's look back and forward with David's co-author Thomas Weisskopf who writes of David at the 2014 David Gordon Memorial Lecture --- Reflections on 50 Years of Radical Political Economy

New School for Social Research / Political Economy-Liberal Studies-History of Ideas (1970-2000)

http://www.newschool.edu/nssr/history/

Gordon, David M. with Bowles, Samuel, "Beyond the Waste Land: A Democratic Alternative to Economic Decline" (1983) - https://www.amazon.com/Beyond-Waste-Land-Democratic-Alternative/dp/0385183453/

Gordon, David M. with Bowles, Samuel; Weisskopf, Thomas E. "After the Waste Land: Democratic Economics for the Year 2000 (1990) - https://www.amazon.com/After-Waste-Land-Democratic-Economics/dp/087332644X/

Publications of David Gordon Memorial Lecture Series - http://urpe.org/?page=rrpe&side=browse_content&sub=david_gordon_memorial_lecture

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Center for American Progress

https://en.wikipedia.org/wiki/Center_for_American_Progress

https://www.americanprogress.org/

Economic Policy Institute

https://en.wikipedia.org/wiki/Economic_Policy_Institute

http://www.epi.org/

Institute for New Economic Thinking

https://en.wikipedia.org/wiki/Institute_for_New_Economic_Thinking

https://www.ineteconomics.org/

Institute for Policy Studies

https://en.wikipedia.org/wiki/Institute_for_Policy_Studies

New America Foundation

https://en.wikipedia.org/wiki/New_America_(organization)

http://www.newamerica.org/

Green Eco-nomics

It is not a revelation to speak of green ideas as embued with long-term thinking. The green vision has found roots and is spreading from local to global communities and the future is filled with the promise of green political thought.

It is sometimes said that "the future doesn't have a vote and, as a result, future generations are neglected". Greens think the future matters deeply and as evidenced in the wisdom of indigenous peoples like the Iroquois, who had a democratic system of governance that looked to "the seventh generation", green thinking speaks of 'the common interest' in decision-making. Green-leaning thought considers the future as "seventh generation thinking" extending beyond present demands and bringing forward key lessons and wisdom learned from the past. Green ideas are more needed than ever given the multiple challenges modern economic systems deliver with crises, contradictions and unsustainable growth.

Green ideas are brought forward in the founding 2000 platform of the US Green Party.

The Green platform captures a green "future-focus" and a "Call to Action" to move to a more sustainable eco-nomic system.

"Fiduciary responsibility speaks of quarterly returns; survivability speaks to long-range vision and strategies" -- SJS

Eco-nomics from a Green Political Perspective

Excerpts from the US Green Party founding platform, 2000