Despite their many achievements, classical, neo-classical, and institutional economics have not been kind to the natural world in which we live. A new economics, one that takes the carrying capacity of the creation into account, and which, furthermore, is based on a cooperative rather than a competitive understanding of “economic man”, is in the process of being established, and the thought of Alfred North Whitehead has been helpful in “forging this new economics.”
Professor in the Community Development and Applied Economics
Dr. Joshua Farley is an ecological economist, Professor in Community Development & Applied Economics, Fellow at the Gund Institute for Ecological Economics at UVM, and Special Visiting Researcher at the Universidade Federal de Santa Catarina. He holds degrees in biology (BA), international affairs (MIA) and economics (PhD). He has previously served as program director at the School for Field Studies, Centre for Rainforest Studies, as Executive Director of the University of Maryland International Institute for Ecological Economics, and as visiting professor at the Federal Universities of Santa Catarina (UFSC) and Bahia (UFBA), and the University of the West Indies, Cave Hill. His broad research interests focus the design of economic institutions capable of balancing what is biophysically possible with what is socially, psychologically and ethically desirable. His most recent research focuses on agroecology, farmer livelihoods and ecosystem services in Brazil’s Atlantic Forest, redesigning finance and monetary systems for a just and sustainable economy, the just distribution of wealth and resources, and transdisciplinary problem solving that integrates research and teaching. He has conducted problem-based courses in ecological economics on 6 continents. He is co-author with Herman Daly of Ecological Economics, Principles and Applications, 2nd ed. Island Press (2010).