Posts tagged economics
BftB: Why cryptocurrencies are the moolah of a more sustainable world

The year is 2048. Goods and services are exchanged without paper notes, coins, or even cards. Cash is a thing of the past. All purchases are electronic. This transition was more than just a switch from bills in a wallet to digits on a smartphone. Most importantly, this change coincided with a global shift to using the earth’s resources sustainably. 

Read More
The Happy Planet Index: A New Measure of Societal Well-Being?

After World War II, a nation that was efficient at producing goods emerged as a picture of prosperity and societal well-being. In many ways, this model shaped the lives of our ancestors and thus our own: the prospect of war, gruesome as it was, provided the economic opportunity for much of the industrialized world to rise above the misery of the Great Depression, and facilitated a greater quality of life for those willing to work towards it. In this way, economic value became increasingly equated with true value, and economic prosperity with true progress and well-being. Eventually, the Gross Domestic Product of a nation became our defining indicator of the past century.  But what do people truly want out of life?

Read More
A Green Economy: Are you up for the challenge?

Photo by |

When we think of a ‘green economy’, it comes down to two essential concepts: we want to protect our local and global environments while improving our ability to be happy and well. This may seem contradictory – but I can assure you they are not, and that you can be a part of the solution.

Read More
Toronto’s Initiatives in Addressing Climate Change (Economy & Climate: Part 2)

Photo by faylestar |

In my previous article, I brought to you a representation of how environmental processes link intricately with the health of a city’s economy. This was based on an insightful speech by former mayor of Toronto, David Miller, who also presented an intriguing summary of green initiatives that Toronto has mapped out for its future.

Read More
LETTER FROM THE EDITOR: How much are ecosystem services worth to you?

Photo by Kalense Kid |

In 1987, Robert Costanza from the University of Maryland (and colleagues) published a monumental paper in the scientific journal Nature, stating the value of global ecosystem services to be between $16 and 54 trillion USD/year – a benefit that isn’t accounted for in most estimates of GNP. Before taking those numbers at face value, I thought to myself – what IS an ecosystem service? 

Read More