Gordon Macdonald

“whole field and discipline of economics, by which we plan and justify what we do as a society, is simply riddled with absences, contradictions, logical flaws, and most important of all, false axioms and false goals. We must fix that if we can. It would require going deep and restructuring that entire field of thought. If economics is a method for optimizing various objective functions subject to constraints, then the focus of change would need to look again at those “objective functions.” Not profit, but biosphere health, should be the function solved for; and this would change many things. It means moving the inquiry from economics to political economy, but that would be the necessary step to get the economics right. Why do we do things? What do we want? What would be fair? How can we best arrange our lives together on this planet? Our current economics has not yet answered any of these questions. But why should it? Do you ask your calculator what to do with your life? No. You have to figure that out for yourself.”
― Kim Stanley Robinson, The Ministry for the Future