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Biophilic markets

Abstract:
Markets must be made biophilic: that is, compatible with life flourishing on Earth. To do so, we must abandon prevailing notions of market efficiency and reconceive markets as social evolutionary systems embedded in nature. Such a reconception enables us to see that constraining markets within biophysical boundaries would not result in zero-sum trade-offs with the economy, but instead would drive market evolution to new forms of prosperity.
Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1162/daed_a_01965

Authors

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Institution:
University of Oxford
Division:
SSD
Department:
Blavatnik School of Government
Role:
Author
ORCID:
0000-0001-6312-9731


Publisher:
MIT Press
Journal:
Daedalus More from this journal
Volume:
152
Issue:
1
Pages:
94-99
Publication date:
2023-02-28
Acceptance date:
2022-12-01
DOI:
EISSN:
1548-6192
ISSN:
0011-5266


Language:
English
Keywords:
Pubs id:
1336912
Local pid:
pubs:1336912
Deposit date:
2023-05-17
ARK identifier:

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