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Climate change and the premises for a New Society

Published online by Cambridge University Press:  01 January 2023

Shachi Amdekar  and
Ajit Singh
Shachi Amdekar
Affiliation:
University of Cambridge, UK
Ajit Singh*
Affiliation:
University of Cambridge, UK
*
Ajit Singh, Faculty of Economics, Queens’ College, University of Cambridge, Cambridge CB3 9ET, UK. Email: as14@cam.ac.uk
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Abstract

The starting point for this article is the excellent article by Professor Marglin on the dangers of climate change. He outlines a broad remedial prescription, a new economics based on ecological concerns and a broadly based cultural revolution to change people’s thinking. We agree with Marglin that the prevailing neoclassical analysis is fundamentally flawed because inter alia it adheres to individuals’ independent (rather than inter-dependent) utility functions. It is argued that ultimately the problem of the ecosystem, and indeed violent threats of mass destruction that we constantly face cannot be solved without the insights that community and spiritual thinking bring us.

Keywords

N5O2Q2Q3Climate changecommunityeco-systemsneoclassical economicsspiritual thinking
Type
Symposium Articles
Information
The Economic and Labour Relations Review , Volume 25 , Issue 4: Symposium: A new global economics? Environment, development, equity , December 2014 , pp. 563 - 573
Copyright
© The Author(s) 2014

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