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Conclusions Peter Brown and Peter Timmerman argue that mainstream economics is an ‘orphaned discipline’. It is founded, they claim, on a “dated and unrevised metaphysical and prescientific vision that is “incompatible with what we know about the universe and our place in it (Brown and Timmerman, 2015). Looking at free-market theory in the context of the modern understanding of evolution, this assessment rings true. Please share this article - Go to very top of page, right hand side, for social media buttons. Adam Smith’s concept of the invisible hand was a plausible hypothesis when it was proposed more than two centuries ago (Smith, 1776). Given the state of knowledge at the time, it seemed possible that self-interest, if properly channeled, could benefit groups. But as our knowledge of evolution has progressed, this hypothesis has grown steadily less plausible. The problem is that the major transitions in evolution show a pattern that is the opposite of th ....
by Blair Fix Please share this article - Go to very top of page, right hand side, for social media buttons. Summary Humanity s most pressing need is to learn how to live within our planet s boundaries - something that likely means doing without economic growth. How, then, can we create a non-growth society that is both just and equitable? I attempt to address this question by looking at an aspect of sustainability (and equity) that is not often discussed: the growth of hierarchy. As societies consume more energy, they tend to become more hierarchical. At the same time, the growth of hierarchy also seems to be a key driver of income/resource inequality. In this essay, I review the evidence for the joint relation between energy, hierarchy and inequality. I then speculate about what it implies for achieving a sustainable and equitable future. ....