Physical Sciences and Mathematics Commons^™

Toward A New Sustainable Economy, Robert Costanza

Institute for Sustainable Solutions Publications and Presentations

The current financial meltdown is the result of under-regulated markets built on an ideology of free market capitalism and unlimited economic growth. The fundamental problem is that the underlying assumptions of this ideology are not consistent with what we now know about the real state of the world. The financial world is, in essence, a set of markers for goods, services, and risks in the real world and when those markers are allowed to deviate too far from reality, ?adjustments? must ultimately follow and crisis and panic can ensue. To solve this and future financial crisis requires that we reconnect …