We now have, thanks to Kate Raworth, donut economics. Herman Daly gave us steady-state economics. Regular professionals gave us micro- and macroeconomics. And so on. Today, I am announcing a completely new type of economics: upside-down economics. It is the science of too much. From Adam Smith onward, economics has been largely about how to manage scarcity. But today, while scarcity is still a real issue for much of the world’s population, here in the US and other rich countries, the issue has been turned on its head; we have too much of a lot of things. It is important… Read More
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