MLS Professional Services
“we are all economists now” - Kate Raworth
What does an economist do, and who gets to be one?
Around a half-century ago, economics was taught as an exclusive academic subject in the Global North.
The teaching of economics was centred around the Free Market and Global Finance. Today, this is still the case.
But the reality of economics is much broader than this. Economics is interdisciplinary and metaphysical. The Economy encompasses Business and Finance, spans the Humanities and is dependent on the natural environment and of course, human beings. The Economy does not stand alone. This is paramount to the comprehension of economics as a holistic subject area and as a way of constructing and maintaining human civilisations with strong democracies. The success of achieving this societal state depends on the ability of an entire populace to practice civilisation and democracy.
More and more 21st-Century economic thinkers are now becoming practitioners of what was previously pitched as an intangible entity, and embedding economic concepts into physical places, thus making it an accessible subject for people at all levels of a society.
21st-Century Economics involves the incorporation of so-called ‘externalities’ in the practice of constructing and organising human societies via connected systems, involving the use of physical natural resources. These systems shape our lives, so we in turn should all be involved in shaping these systems.
This is how we can begin to co-create ethical economies.
The teaching of economics was centred around the Free Market and Global Finance. Today, this is still the case.
But the reality of economics is much broader than this. Economics is interdisciplinary and metaphysical. The Economy encompasses Business and Finance, spans the Humanities and is dependent on the natural environment and of course, human beings. The Economy does not stand alone. This is paramount to the comprehension of economics as a holistic subject area and as a way of constructing and maintaining human civilisations with strong democracies. The success of achieving this societal state depends on the ability of an entire populace to practice civilisation and democracy.
More and more 21st-Century economic thinkers are now becoming practitioners of what was previously pitched as an intangible entity, and embedding economic concepts into physical places, thus making it an accessible subject for people at all levels of a society.
21st-Century Economics involves the incorporation of so-called ‘externalities’ in the practice of constructing and organising human societies via connected systems, involving the use of physical natural resources. These systems shape our lives, so we in turn should all be involved in shaping these systems.
This is how we can begin to co-create ethical economies.
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